VIDEO TRANSFERS
Transactions
September
1
Received cash from owner (Martha Day) as an investment, $16,000. R1
2
Paid cash for supplies from Staples, $800.00 C1.
3
4
Paid cash for insurance from All-State Insurance Company, $400.00. C2
Paid cash to establish a petty cash fund, $200.00. C3
5
Bought supplies on account from Video Distributors Due on October 5th, $450.00.
M1
6
Paid cash for rent to Peterson Properties, $1,400.00. C4.
6
Paid cash for electric bill to Rocky Mountain Power, $50.00. C5
8
Paid cash for advertising to Graphic Plus, $100.00 C6
9
9
Paid cash on account to Video Distributors, $200.00. C7
Paid cash to owner for personal use, (Martha Day) $200.00. C8
10
Paid cash for miscellaneous expense to Staples, $35.00. C9
11
Paid cash for miscellaneous expense to Wal-Mart, $50.00. C10
12
Paid cash for repairs to Rolling Rubber, $60.00. C11
13
13
Paid cash for supplies to Mountain West Media, $300.00. C12
Bought supplies on account from Setter Office Supplies Due on October 5th,
$150.00. M2
Received cash from sales, $1,765.00. T13
13
14
15
Paid cash for miscellaneous expense to Home Depot, $30.00. C13
Bought supplies on account from Video Distributors Due on October 5th, $140.00.
M3
***Go to Reports, Accountant & Taxes, Trial Balance –Check your number with the Trial
Balance below. If your numbers are not correct DO NOT GO ON. Find you errors and then
print as follows: Click on Modify Report, then the Header/Footer tab, in the box titled Extra
Footer Line, type Your Name TB#1 then click OK. Print Trial Balance
VIDEO TRANSFER
Trial Balance
9/14/-Account
Number
110
120
130
140
220
230
310
320
410
510
520
530
540
550
Acount
Title
Cash
Petty Cash
Supplies
Prepaid Insurance
Setter Office Supplies
Video Distributors
Martha Day, Capital
Martha Day, Drawing
Sales
Advertising Expense
Miscellaneous Expense
Rent Expense
Repair Expense
Utilities Expense
TOTAL
Debit
13940.00
200.00
1840.00
400.00
Credit
150.00
390.00
16000.00
200.00
1765.00
100.00
115.00
1400.00
60.00
50.00
18305.00
18305.00
September
15
Paid cash for repairs to Delco Plumbing, $30.00. C14
15
Paid cash for miscellaneous expense to Southern Utah Office, $40.00. C15
16
16
16
Paid cash for miscellaneous expense to Staples, $35.00. C16
Paid cash for advertising to Mega Pro, $110.00. C17
Paid cash to owner for personal use (Martha Day), $200.00. C18
17
17
Paid cash for water bill to Cedar City Corporation, $65.00. C19
Paid cash for supplies to Sony Incorporation, $110.00. C20
18
Paid cash for miscellaneous expense to Image Works, $10.00. C21
19
Paid cash for miscellaneous expense to Premiums Plus, $10.00. C22
20
20
Paid cash for supplies to Dex Media, $125.00. C23
Bought supplies on account from Setter Office Supplies Due on October 5th,
$160.00 M4.
Received cash from sales, $1,770.00. T20
20
September
22
Bought supplies on account from Dorn Supplies Due on October 5th, $600.00.
M5
23
23
Paid cash for repairs to Royal Appliance, $8.00. C24
Paid cash to owner for personal use (Martha Day), $200.00. C25
24
Paid cash for miscellaneous expense to Best Buy, $60.00. C26
25
Paid cash for telephone bill to Quest, $105.00. C27
***Go to Reports, Accountant & Taxes, Trial Balance –Check your number with the Trial
Balance below. If your numbers are not correct DO NOT GO ON. Find you errors and then
print as follows: Click on Modify Report, then the Header/Footer tab, in the box titled Extra
Footer Line, type Your Name TB#2 then click OK. Print Trial Balance
VIDEO TRANSFER
Trial Balance
9/25/-Account
Number
110
120
130
140
210
220
230
310
320
410
510
520
530
540
550
Acount
Title
Cash
Petty Cash
Supplies
Prepaid Insurance
Dorn Supplies
Setter Office Supplies
Video Distributors
Martha Day, Capital
Martha Day, Drawing
Sales
Advertising Expense
Miscellaneous Expense
Rent Expense
Repair Expense
Utilities Expense
TOTAL
Debit
14602.00
200.00
2835.00
400.00
Credit
600.00
310.00
390.00
16000.00
600.00
3535.00
210.00
270.00
1400.00
98.00
220.00
20835.00
20835.00
September
27
Paid cash for supplies to Delco Media, $100.00. C28
27
Paid cash on account to Dorn Supplies, $400.00. C29
27
Received cash from sales, $1,285.00. T27
BANK STATEMENT
9/27/-Bank Statement Balance
Bank Service Charge (Miscellaneous Expense)
Outstanding Deposit:
September 27
Outstanding Check:
C24
$ 8.00
C26
$200.00
C27
$105.00
C28
$100.00
C29
$400.00
Checkbook Balance on the next unused check stub
$14,770.00
$5.00
$1,285.00
$15,382.00
September
30
Paid cash to replenish the petty cash fund, $55.00: Repairs to Mr. Fix-It, $25.00;
miscellaneous expense to Wal-Mart, $30.00. C30
30
Paid cash to owner for personal use (Martha Day), $200.00. C31
30
Received cash from sales, $780.00. T30
***Go to Reports, Accountant & Taxes, Trial Balance –Check your number with the Trial
Balance below. If your numbers are not correct DO NOT GO ON. Find you errors and then
print as follows: Click on Modify Report, then the Header/Footer tab, in the box titled Extra
Footer Line, type Your Name TB#3 then click OK. Print Trial Balance
VIDEO TRANSFER
Trial Balance
9/30/-Account
Number
110
120
130
140
210
220
230
310
320
410
510
520
530
540
550
Acount
Title
Debit
15907.00
200.00
2935.00
400.00
Cash
Petty Cash
Supplies
Prepaid Insurance
Dorn Supplies
Setter Office Supplies
Video Distributors
Martha Day, Capital
Martha Day, Drawing
Sales
Advertising Expense
Miscellaneous Expense
Rent Expense
Repair Expense
Utilities Expense
Credit
200.00
310.00
390.00
16000.00
800.00
5600.00
210.00
305.00
1400.00
123.00
220.00
TOTAL
22500.00
22500.00
Construct a worksheet in Microsoft Excel. Use the following information for adjusting entries:
Supplies on Hand
Value of Prepaid Insurance
$890.00
$400.00
While in Microsoft Excel, create an Income Statement and a Balance Sheet (Chapter 8). Print the worksheet,
Income Statement, and Balance Sheet.
In Quicken, create three new accounts.
515 Insurance Expense
560 Supplies Expense
330 Income Summary
Journalize adjusting entries and closing entries using September 30 th as the date.
***Go to Reports, Accountant & Taxes, Trial Balance –Check your number with the Trial
Balance below. If your numbers are not correct DO NOT GO ON. Find you errors and then
print as follows: Click on Modify Report, then the Header/Footer tab, in the box titled Extra
Footer Line, type Your Name TB#4 then click OK. Print Trial Balance
VIDEO TRANSFER
Trial Balance
9/30/-Account
Number
110
120
130
140
210
220
230
310
Acount
Title
Cash
Petty Cash
Supplies
Prepaid Insurance
Dorn Supplies
Setter Office Supplies
Video Distributors
Martha Day, Capital
TOTAL
Debit
15907.00
200.00
890.00
300.00
Credit
200.00
310.00
390.00
16397.00
17297.00
17297.00