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New Member
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Sep 23, 2007, 03:21 PM
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General ledgers
Can someone tell me what I am doing wrong I got hal;f of them right they don't balancecan someone help
COLO COMPANY
General Ledger
Cash Account No. 101
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 50,247
May 31 CRJ 59,220 38,200 80,720
31 CDJ 66,052 42,500 139,967
Accounts Receivable Account No. 106
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 4,725
May 2 JG65 6,100 4,100
31 SJ
31 CRJ -
Merchandise Inventory Account No. 119
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 220,080
May 31 GJ66
31 CDJ
31 PJ
31 CRJ
31 SJ
Office Supplies Account No. 124
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 430
May 31 PJ
31 GJ70
Store Supplies Account No. 125
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 2,447
May 4 PJ78
9 CR82
24 PJ82
31 GJ69
Prepaid Insurance Account No. 128
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 3,318
May 31 GJ68
Office Equipment Account No. 163
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 22,470
May 10 PJ79
12 GJ67
Accumulated Depreciation, Office Equipment Account No. 164
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 9,898
May 31 GJ72
Store Equipment Account No. 165
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 38,920
Accumulated Depreciation, Store Equipment Account No. 166
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 17,556
May 31 GJ71
Accounts Payable Account No. 201
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 7,098
May 3 GJ66 798 798 798
12 GJ67 854 854 854
31 PJ
31 CDJ 5,446
Jenny Colo, Capital Account No. 301
Trans.
Date Item no. Debit Credit Balance
Apr. 30 Balance 308,085
May 31 GJ75 42,500 42,500 42,500
31 GJ76 350,585
COLO COMPANY
Inv. No. Check
Date Description Name or Date No. Terms Amount
May1 Paid rent (80% selling space, 20% office space) S&P Management Co. 3410 $3,710
2 Sold merchandise on credit (cost $4,100) Hensel Company 8785 2/10, n/60 6,100
2 Issued credit memo on returned merch. Knox, Inc. Apr. 28 175
Total selling price (gross) Knox, Inc. Apr. 28 4,725
3 Received credit memo on returned merch. Peyton Products Apr. 29 798
4 Purchased merchandise on credit Gear Supply Co. May 4 n/10 EOM 37,072
Purchased store supplies on credit Gear Supply Co. May 4 n/10 EOM 574
Purchased office supplies on credit Gear Supply Co. May 4 n/10 EOM 83
5 Received payment less discount and return Knox, Inc. Apr. 28 n/10 EOM ?
8 Paid inv. Less 2 % discount and May 3 return Peyton Products Apr. 29 3411 ?
9 Sold store supplies for cash at cost 350
10 Purchased office equipment on credit Gear Supply Co. May 10 n/10 EOM 4,074
11 Received payment less discount Hensel Company May 2 ?
11 Purchased merchandise on credit Garcia, Inc. May 10 2/10, n/60 8,800
12 Received credit memo on returned merch. Gear Supply Co. May 10 854
15 Check issued for sales salaries Payroll 3412 5,320
Check issued for office salaries Payroll 3412 3,150
15 Cash sales for first half of month (cost $38,200) 59,220
16 Sold merchandise on credit (cost $1,890) Hensel Company 8786 2/10, n/60 3,990
17 Purchased merchandise on credit Fink Corp. May 14 2/10, n/60 13,650
19 Paid invoice less discount Garcia, Inc. May 10 3413
22 Sold merchandise on credit (cost $4,990) Lee Services 8787 2/10, n/60 6,850
23 Paid invoice less discount Fink Corp. May 14 3414 ?
24 Purchased merchandise on credit Gear Supply Co. May 23 n/10 EOM 8,120
Purchased store supplies on credit Gear Supply Co. May 23 n/10 EOM 630
Purchased office supplies on credit Gear Supply Co. May 23 n/10 EOM 280
25 Purchased merchandise on credit Peyton Products May 23 2/10, n/30 3,080
26 Sold merchandise on credit (cost $8,230) Crane Corp. 8788 2/10, n/60 14,210
26 Paid April electric bill Perennial Power 3415 1,283
29 Issued check to owner for personal use Jenny Colo 3416 7,000
30 Received payment less discount Lee Services May 22 ?
30 Check issued for sales salaries Payroll 3417 5,320
Check issued for office salaries Payroll 3417 3,150
31 Cash sales for second half of month (cost $42,500) 66,052
Additional information:
a. Expired insurance $553
b. Ending store supplies inventory 2,632
c. Ending office supplies inventory 504
d. Estimated depreciation of store equipment 567
e. Estimated depreciation of office equipment 329
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