Century 21 Accounting, Advanced, 11e Claudia Bienias Gilbertson, Mark Lehman, Daniel Passalacqua (Solutions Manual,
100% Original Verified, A+ Grade)
1-R Recycling Problem:
Journalizing departmental purchases and cash payments
LO6, 7, 8, 9, 10
Boardtown Station has two departments: Antiques and Trophies. Post the following transactions when journalized:
(1) transactions impacting the accounts payable subsidiary ledger, (2) transactions recorded in the general journal,
and (3) cash payments entered in a general amount column of the cash payments journal. Journals and partial general
and accounts payable ledgers are given in the Recycling Problems Working Papers. Source documents are abbreviated as
follows: check, C; debit memorandum, DM; purchase invoice, P.
Instructions:
1. Journalize the transactions completed during October of the current year. Use page 10 of a purchases journal,
page 10 of a general journal, and page 16 of a cash payments journal. Post the items that are to be posted
individually.
2. Prove and rule the purchases journal. Post the totals.
3. Prove and rule the cash payments journal. Post the totals.
Transactions:
Oct. 1. Wrote Check No. 810 to Davis Properties for rent, $2,450.00.
3. Gave John Platte a $324.60 check for making various repairs (miscellaneous expense). C811.
5. Purchased $2,514.62 of trophy parts from Paton Trophy Supply. P624.
9. Issued a check to Mountain Electric Department for last month’s utility bill, $425.00. C812.
10. Returned defective trophy parts to Paton Trophy Supply, $68.50, from P624. DM51.
11. Wrote Check No. 813 to Paton Trophy Supply for the unpaid balance of purchase invoice 567, less items returned on debit
memo 51, less 2% discount.
12. Purchased on account from Lampkin Supply various parts to restore antiques, $784.22. P625.
14. Purchased a printer toner cartridge from Davis Office Source, $65.25. C814.
16. Received a shipment of trophy parts on account from Ulman Import, $1,874.90, with 1/10, n/30 payment terms. P626.
21. Purchased an antique dining room set from Gail Mason, $930.00. C815.
22. Received a shipment of antiques from Abernathy Furniture, $4,258.80. P627.
24. Sent a check to Ulman Import for purchase invoice 626, less a 1% discount. C816.
28. Returned a $1,308.00 china cabinet purchased on October 22 to Abernathy Furniture. DM52.
29. Team Sports closed and sold its inventory at auction. Won the bid for trophy supplies, $275.00. C817.
31. Paid cash to replenish the petty cash fund for (1) an advertisement promoting soccer team trophies, $25.00; (2) snacks for
office workers, $16.95 (miscellaneous expense); and (3) pens and memo pads, $18.26. C818.
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Chapter 1 Recording Departmental Purchases and Cash Payments
®
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Name
Date
1-R
Class
RECYCLING PROBLEM (LO6, 7, 8, 9, 10)
Journalizing departmental purchases and cash payments
1., 3.
PURCHASES JOURNAL
DATE
PURCH. POST.
NO.
REF.
ACCOUNT Credited
20--
10
PAGE
1
2
ACCOUNTS
PAYABLE
CREDIT
3
PURCHASES DEBIT
ANTIQUES
TROPHIES
1
Aug. 5 Paton Trophy Supply
624 230
2 5 1 4 62
2
12 Lampkin Supply
625 220
7 8 4 22
3
16 Ulman Import
626 240
1 8 7 4 90
4
22 Abernathy Furniture
627 210
4 2 5 8 80
4 2 5 8 80
5
31 Totals
9 4 3 2 54
5 0 4 3 02
4 3 8 9 52
(2105)
(5105)
(5205)
6
2 5 1 4 62
7 8 4 22
1
2
1 8 7 4 90
3
4
5
6
7
7
8
8
9
9
1.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
20--
1
Aug. 10 Accounts Payable/Paton Trophy Supply
2
3
4
DOC.
NO.
POST.
REF.
DM51
2105
230
Purchases Returns and Allowances—Trophies
28 Accounts Payable/Abernathy Furniture
Purchases Returns and Allowances—Antiques
10
PAGE
DEBIT
CREDIT
6 8 50
1
5215
DM52
2105
210
5115
6 8 50
1 3 0 8 00
2
3
1 3 0 8 00
4
5
5
6
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
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TE Recycling Problem Working Papers
®
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22
21
20
20--
817 5205
29 Purchases—Trophies
31 Advertising Expense—Trophies 818 6205
31 Totals
1405
816 240
24 Ulman Import
Supplies
815 5105
21 Purchases—Antiques
7125
2 5 00
814 1405
14 Supplies
Miscellaneous Expense
2 7 5 00
813 230
11 Paton Trophy Supply
(2105)
(✔)
1 8 7 4 90
2 4 4 6 12
4 3 2 1 02
(✔)
CREDIT
ACCOUNTS
PAYABLE
DEBIT
3
4 5 3 0 06
1 8 26
1 6 95
9 3 0 00
6 5 25
4 2 5 00
812 7160
9 Utilities Expense
3 2 4 60
2 4 5 0 00
DEBIT
811 7125
810 7140
POST.
REF.
3 Miscellaneous Expense
Aug. 1 Rent Expense
CK.
NO.
GENERAL
2
5
(5110)
1 8 75
1 8 75
ANTIQUES
(5210)
4 8 92
4 8 92
TROPHIES
PURCH. DISCOUNT CR.
4
CASH
CREDIT
6
16
(1105)
8 7 8 3 41
6 0 21
2 7 5 00
1 8 5 6 15
9 3 0 00
6 5 25
2 3 9 7 20
4 2 5 00
3 2 4 60
2 4 5 0 00
PAGE
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
Date
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
ACCOUNT TITLE
1
CASH PAYMENTS JOURNAL
1-R
DATE
1., 3.
Name
Class
RECYCLING PROBLEM (continued)
Recycling Problem Working PapersTE
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3/20/19 9:20 AM
Name
Date
1-R
Class
RECYCLING PROBLEM (continued)
1., 2.
ACCOUNTS PAYABLE LEDGER
Vendor
Abernathy Furniture
DATE
Vendor NO.
ITEM
20--
POST.
REF.
Aug. 22
P10
28
G10
Vendor
4 2 5 8 80
1 3 0 8 00
20--
2 9 5 0 80
POST.
REF.
DEBIT
12
2 6 4 3 63
P10
7 8 4 22
Paton Trophy Supply
20--
POST.
REF.
DEBIT
Aug. 5
P10
10
G10
6 8 50
11
CP16
2 4 4 6 12
2 5 1 4 62
20--
2 5 1 4 62
2 4 4 6 12
Vendor NO.
ITEM
POST.
REF.
DEBIT
CREDIT
16
P10
24
CP16
240
CREDIT
BALANCE
✔
Aug. 1 Balance
230
CREDIT
BALANCE
CREDIT
Ulman Import
DATE
3 4 2 7 85
Vendor NO.
ITEM
220
CREDIT
BALANCE
CREDIT
✔
Aug. 1 Balance
DATE
4 2 5 8 80
Vendor NO.
ITEM
Vendor
CREDIT
BALANCE
CREDIT
Lampkin Supply
DATE
Vendor
DEBIT
210
6 2 94
1 8 7 4 90
1 9 3 7 84
1 8 7 4 90
6 2 94
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TE Recycling Problem Working Papers
®
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Name
Date
1-R
Class
RECYCLING PROBLEM (continued)
1., 2., 3.
GENERAL LEDGER
Cash
ACCOUNT
DATE
ACCOUNT NO.
ITEM
20--
POST.
REF.
DEBIT
CREDIT
✔
Aug. 1 Balance
31
BALANCE
DEBIT
CP16
DATE
CREDIT
9 4 8 5 26
8 7 8 3 41
7 0 1 85
Supplies
ACCOUNT
ACCOUNT NO.
ITEM
20--
POST.
REF.
DEBIT
CREDIT
✔
Aug. 1 Balance
CREDIT
4 2 1 8 61
CP16
6 5 25
4 2 8 3 86
31
CP16
1 8 26
4 3 0 2 12
Accounts Payable
DATE
ITEM
20--
ACCOUNT NO.
POST.
REF.
DEBIT
CREDIT
2105
BALANCE
DEBIT
CREDIT
✔
Aug. 1 Balance
1405
BALANCE
DEBIT
14
ACCOUNT
1105
8 0 1 6 62
10
G10
6 8 50
7 9 4 8 12
28
G10
1 3 0 8 00
6 6 4 0 12
31
P10
31
CP16
16 0 7 2 66
4 3 2 1 02
11 7 5 1 64
Purchases—Antiques
ACCOUNT
DATE
ITEM
20--
ACCOUNT NO.
POST.
REF.
DEBIT
CREDIT
✔
Aug. 1 Balance
21
CP16
31
P10
ACCOUNT
9 4 3 2 54
BALANCE
DEBIT
ITEM
20--
Aug. 1 Balance
31
CREDIT
84 1 5 3 39
9 3 0 00
85 0 8 3 39
5 0 4 3 02
90 1 2 6 41
Purchases Discount—Antiques
DATE
ACCOUNT NO.
POST.
REF.
DEBIT
CREDIT
✔
CP16
5105
5110
BALANCE
DEBIT
CREDIT
8 1 5 21
1 8 75
8 3 3 96
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Recycling Problem Working PapersTE
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Name
Date
1-R
Class
RECYCLING PROBLEM (continued)
Purchases Returns and Allowances—Antiques
ACCOUNT
DATE
ITEM
20--
POST.
REF.
DEBIT
ACCOUNT NO.
CREDIT
BALANCE
DEBIT
28
4 1 5 8 61
G10
1 3 0 8 00
5 4 6 6 61
Purchases—Trophies
ACCOUNT
DATE
ITEM
20--
ACCOUNT NO.
POST.
REF.
DEBIT
CREDIT
✔
Aug. 1 Balance
29
CP10
31
P10
DATE
ITEM
20--
35 1 4 8 09
2 7 5 00
35 4 2 3 09
4 3 8 9 52
39 8 1 2 61
DEBIT
CREDIT
31
4 8 92
6 6 4 31
Purchases Returns and Allowances—Trophies
ITEM
20--
POST.
REF.
DEBIT
ACCOUNT NO.
CREDIT
10
6 8 50
1 1 1 6 86
Advertising Expense—Trophies
ITEM
20--
ACCOUNT NO.
POST.
REF.
DEBIT
CREDIT
✔
Aug. 1 Balance
31
CP16
DATE
ITEM
20--
5 6 8 0 00
2 5 00
DEBIT
✔
Aug. 1 Balance
3
CREDIT
5 7 0 5 00
ACCOUNT NO.
POST.
REF.
CP16
6205
BALANCE
DEBIT
Miscellaneous Expense
ACCOUNT
CREDIT
1 0 4 8 36
G10
DATE
5215
BALANCE
DEBIT
✔
Aug. 1 Balance
ACCOUNT
CREDIT
6 1 5 39
CP16
DATE
5210
BALANCE
DEBIT
✔
Aug. 1 Balance
ACCOUNT
CREDIT
ACCOUNT NO.
POST.
REF.
5205
BALANCE
DEBIT
Purchases Discount—Trophies
ACCOUNT
CREDIT
✔
Aug. 1 Balance
5115
CREDIT
7125
BALANCE
DEBIT
CREDIT
7 1 5 8 06
3 2 4 60
7 4 8 2 66
31
CP16
6 95
7 4 9 9 61
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Name
Date
1-R
Class
RECYCLING PROBLEM (concluded)
Rent Expense
ACCOUNT
DATE
ACCOUNT NO.
ITEM
20--
POST.
REF.
DEBIT
CREDIT
✔
Aug. 1 Balance
1
CP16
BALANCE
DEBIT
DATE
ITEM
20--
Aug. 1 Balance
9
CREDIT
22 0 5 0 00
2 4 5 0 00
24 5 0 0 00
Utilities Expense
ACCOUNT
ACCOUNT NO.
POST.
REF.
DEBIT
✔
CP16
7140
CREDIT
7160
BALANCE
DEBIT
CREDIT
4 8 1 8 31
4 2 5 00
5 2 4 3 31
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Recycling Problem Working PapersTE
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