Mini-Practice Set #2
Due 5/13/08
80 Points
Supplement the Mini-Practice Set on pages 496-500 with the following FIVE
transactions:
1. 10/7 – Sold children’s clothing on account to Angelina Jolie for $1,800, plus sales
tax of $90, sales slip number 1010
2. 10/7 – Received $400 from Emile Sahliyeh as partial payment on her account
3. 10/7 – Purchased $600 in supplies on account from Alpine Business
4. 10/7 – Accepted a return of a pair of shoes with two left feet from Emile Sahliyeh.
Issued Credit Memo #120 for $100, which included sales tax of $4.76
5. 10/7 – Issued Check 1031 for $400 in cell phone charges incurred during the Paris
fashion shows
You may work with ONE partner if you choose.
Mini Practice Sets completed with Excel are eligible for 10 extra credit points.
This Activity will be nothing but trouble if you wait until the last minute. Review my
office hour schedule. I’m available if you get stuck…
CHECK FIGURES:
Sales Journal: Total Credit to Sales: $11,835
Purchases Journal: Total Debit to Purchases: $10,340
Ending Cash Balance = $49,025.58