Dana Sportwear Outlet Store

Cash Receipt Journal

For The Month ended : Dec 31 1991
Date Dec Explanation 2 Receipt Cash 5 Cindy Carrel Charles Coleman John Grant James Hood 10 Receipt Cash 14 Sallie Branscom 19 Receipt Cash 22 V.P. Stone 27 Receipt Cash 31 Receipt Cash 31 Receipt Cash $ $ $ $ $ $ $ $ $ $ $ $ Cash Dr 4,200 882 735 1,078 980 7,200 700 6,600 450 4,500 2,100 100 Sales disc Dr $ $ $ $ $ 18 15 22 20 $ $ $ $ 7,200 $ 6,600 $ 4,500 2,100 Miscellaneous Revenue $ 75 $ 24,600 $ 4,900 $ $ 100 100 450 700 Sales Cr 4,200 $ 900 $ 750 $ 1,100 $ 1,000 AR Cr Other Account Acc. Title Amount

$ 29,525

Dana Sportwear Outlet Store

Cash Payment Journal

For The Month Ended : Dec 31 1991
Date Dec 1 7 8 15 20 21 26 29 Explanation Paid Rent Rackets Inc Sport Clothes Athletic Shoe Corp Delivery Company Withdraw Paid Rackets Inc Delivery Company Purchase Dr AP Dr $ 1,500 $ 2,100 $ 900 Transportation in Bill Dana, Drawing $ 2,800 Transportation in $ 7,300 $ $ $ $ Other Account Acc. Title Rent Expense Amount $ 1,600 $ $ $ $ 60 $ 1,000 $ $ 40 $ 2,700 Cash Purchase Disc Cr Cr 1,600 1,470 $ 30 2,058 $ 42 900 60 1,000 2,744 $ 56 40 $ 128

$ 9,872

Dana Sportwear Outlet Store

Sales Journal
For The Month Ended: Dec 31 1991
Date Dec 4 24 26 28 30 Account Debitors Sallie Branscom John Grant James Hood Janice Thompson Jim Westerling 2/10 2/10 2/10 2/10 2/10 Term n/30 n/30 n/30 n/30 n/30 Inv. No 512 513 514 515 516 $ $ $ $ $ $ Amount 250 850 900 910 1,200 4,110

Dana Sportwear Outlet Store

Purchase Journal
For The Month Ended: Dec 31 1991
Date Dec 17 20 23 29 Account Debitors Rackets Inc Sports Clothing Athletic Shoe Corp Sports Clothing Term 2/10 n/30 n/30 n/30 n/30 Inv. No 210 620 125 1006 $ $ $ $ $ Amount 2,800 1,700 1,000 2,400 7,900

Dana Sportwear Outlet Store

General Journal
For The Month Ended: Dec 31 1991
Date Dec Description 31 Sales Return & allowance Account Receivable 31 Account Payable Purchase Return & allowance PR $ $ Dr 100 $ 200 $ $ 300 $ 200 300 100 Cr

DANA SPORTWEAR OUTLET STORE

GENERAL LEDGER
FOR THE MONTH ENDED 31 DEC 1991
Acc tittle : Cash Date Dec Description Begining balance 31 Cash receipt journal 31 Cash payment journal PR $ $ DR 18,000 29,525 $ CR $ $ 9,872 $ Balance DR 18,000 47,525 37,653 CR

Acc Tittle : Account Recevaible Date Dec Description Begining balance 31 Sales journal 31 General journal 31 Cash receipt journal PR $ $ DR 5,000 4,110 $ $ CR $ $ 100 $ 4,900 $ Balance DR CR 5,000 9,110 9,010 4,110

Acc Tittle : Prepaid Insurance Date Dec Description Begining Balance 31 Adjusting Entries PR $ DR 700 $ CR $ 150 $ Balance DR 700 550 CR

Acc Tittle : Supplies on hand Date Dec Description Begining Balance 31 Adjusting Entries PR $ DR 1,200 $ CR $ 300 $ Balance DR 1,200 900 CR

Acc Tittle : Merchandise Inventory Date Dec Description Begining Balance 31 Adjusting Entries 31 Adjusting Entries PR $ $ DR 25,000 $ 20,000 CR $ 25,000 $ $ Balance DR CR 25,000 20,000

Acc Tittle : Office furniture Date Dec Description Begining Balance PR $ DR 4,000 CR $ Balance DR 4,000 CR

Acc Tittle : Accum. Dep. Office furniture

Date Dec

Description Begining Balance 31 Adjusting Entries

PR

DR $ $

CR 1,770 30

Balance DR $ $ CR 1,770 1,800

Acc Tittle : Store Equipment Date Dec Description Begining Balance PR $ DR 10,000 CR $ Balance DR CR 10,000

Acc Tittle : Accum. Dep. Store Equipment Date Dec Description Begining Balance 31 Adjusting Entries PR DR $ $ CR 4,720 80 Balance DR $ $ CR 4,720 4,800

Acc Tittle : Account payable Date Dec Description Begining Balance 31 Purchase journal 31 General journal 31 Cash payment journal PR DR $ $ $ $ 200 7,300 CR 4,500 7,900 Balance DR $ $ $ $ CR 4,500 12,400 12,200 4,900

Acc Tittle : Bill Dana Capital Date Dec Description Begining Balance 31 Closing Entries 31 Closing Entries PR DR $ $ $ 1,000 CR 52,910 13,803 Balance DR $ $ $ CR 52,910 66,713 65,713

Acc Tittle : Bill Dana, Drawing Date Dec Description 31 Cash Receipt journal 31 Closing Entries PR $ DR 1,000 $ 1,000 CR $ Balance DR CR 1,000 -

Acc Tittle : Sales Date Dec Description 31 Cash Receipt journal 31 Sales Journal 31 Closing Entries PR DR $ $ $ 28,710 CR 24,600 4,110 Balance DR $ $ CR 24,600 28,710 -

Acc Title: Sales Discount Date Dec Description 31 Cash Receipt journal 31 Closing Entries PR $ DR 75 $ 75 CR $ Balance DR 75 CR

Acc Title: Sales return and allowance Date Dec Description 31 General Journal 31 Closing Entries PR $ DR 100 $ 100 CR $ Balance DR 100 CR

Acc Title: Misceleneus Revenue Date Dec Description 31 Cash Receipt journal 31 Closing Entries PR $ DR $ 100 CR 100 Balance DR $ CR 100

Acc Title: Purchase Date Dec Description 31 Purchase journal 31 Closing Entries PR $ DR 7,900 $ 7,900 CR $ Balance DR 7,900 CR

Acc Title: Purchase Discount Date Dec Description 31 Cash Payment journal 31 Closing Entries PR $ DR $ 128 CR 128 Balance DR $ CR 128

Acc Title: Purchase Return Allowance Date Dec Description 31 General journal 31 Closing Entries PR $ DR $ 200 CR 200 Balance DR $ CR 200

Acc Title: Tranportasion in Date Dec Description 31 Cash Payment journal 31 Closing Entries PR $ DR 100 $ 100 CR $ Balance DR 100 CR

Acc Title: Rent Expanse Date Dec Description 31 Cash Payment journal 31 Closing Entries PR $ DR 1,600 $ 1,600 CR $ Balance DR CR 1,600 -

Acc Title: Insurance Expanse Date Dec Description 31 Adjusting Entries 31 Closing Entries PR $ DR 150 $ 150 CR $ Balance DR 150 CR

Acc Title: Supplies Expense Date Dec Description 31 Adjusting Entries 31 Closing Entries PR $ DR 300 $ 300 CR $ Balance DR 300 CR

Acc Title: Depreciation Expanse Office Furniture Date Dec Description 31 Adjusting Entries 31 Closing Entries PR $ DR 30 $ 30 CR $ Balance DR 30 CR

Acc Title: Depreciation Expanse Store Equipment Date Dec Description 31 Adjusting Entries 31 Closing Entries PR $ DR 80 $ 80 CR $ Balance DR 80 CR

Acc Title : Income Summary Date Dec 31 31 31 31 31 Description Adjusting Entries Adjusting Entries Closing Entries Closing Entries Closing Entries PR $ DR 25,000 $ $ $ $ 10,335 13,803 CR $ 20,000 $ 29,138 Balance DR CR 25,000 5,000 $ 24,138 $ 13,803 -

DANA SPORTWEAR OUTLET STORE

SUBSIDIARY LEDGER
ACCOUNT RECEIVABLE
Sallie Branscom Date Dec Description Begining Balance 4 Sold Merchandise 12 Return Merchandise 14 Receive Payment PR $ $ DR 800 250 $ $ 100 700 CR $ $ $ $ Balance DR 800 1,050 950 250 CR

Cindy Carrel Date Dec Charles Coleman Date Dec John Grant Date Dec Description Begining Balance 5 Receive Payment 24 Sold Merchandise PR $ $ DR 1,100 $ 850 1,100 $ 850 CR $ Balance DR CR 1,100 Description Begining Balance 5 Receive Payment PR $ DR 750 $ 750 CR $ Balance DR 750 CR Description Begining Balance 5 Receive Payment PR $ DR 900 $ 900 CR $ Balance DR 900 CR

James Hood Date

Description Begining Balance 5 Receive Payment 26 Sold Merchandise

PR $ $

DR 1,000 $ 900

CR

Balance DR $ 1,000 $ 900

CR

Dec

1,000

V.P Stone Date Dec Jenice Thompson Date Dec Jim Westerling Date Dec Description 30 Sold Merchandise PR $ DR 1,200 CR $ Balance DR CR 1,200 Description 28 Sold Merchandise PR $ DR 910 CR $ Balance DR 910 CR Description Begining Balance 22 Receive Payment PR $ DR 450 $ 450 CR $ Balance DR 450 CR

DANA SPORTWEAR OUTLET STORE

SUBSIDIARY LEDGER
ACCOUNT PAYABLE
Athlelitic Shoe Corporation Date Dec Description Begining Balance 15 Paid Athlelitic 23 Purchase Merchandise PR $ DR $ 900 $ 1,000 $ 1,000 CR 900 Balance DR $ CR 900

Rackets, Inc Date Dec Description Begining Balance 7 Paid Racket, Inc 17 Purchase Merchandise 26 Paid Racket, Inc PR $ $ DR $ 1,500 $ 2,800 2,800 $ 2,800 CR 1,500 Balance DR $ CR 1,500

Sport Clothes, Inc Date Dec 8 20 29 31 Description Begining Balance Paid Sports Purchase Merchandise Purchase Merchandise Return Merchandise PR $ DR $ 2,100 $ $ $ 200 1,700 2,400 $ $ $ 1,700 4,100 3,900 CR 2,100 Balance DR $ CR 2,100

DANA SPORTWEAR OUTLAT STORE

TRIAL BALANCE
FOR THE MONTH ENDED 31 DEC 1991
No. Acc Description 1 Cash 2 Account Receivable 3 Prepaid Insurance 4 Supplies On Hand 5 Merchandise Inventory 6 Office Furniture 7 Acc. Dep. Office Furniture 8 Store Equipment 9 Acc. Dep. Store Equipment 10 Account Payable 11 Bill Dana, Capital 12 Bill Dana, Drawing 13 Sales 14 Sales Discount 15 Sales Return & Allowance 16 Miscellaneous Revenue 17 Purchase 18 Purchase Discount 19 Purchase Return & Allowance 20 Transportation In 21 Rent Expense 22 Insurance Expense 23 Supplies Expense 24 Dep. Expense Office Furniture 25 Dep. Expense Store Equipment 26 Income Summary PR Dr Cr $ 37,653 $ 4,110 $ 700 $ 1,200 $ 25,000 $ 4,000 $ 1,770 $ 10,000 $ 4,720 $ 4,900 $ 52,910 $ 1,000 $ 28,710 $ 75 $ 100 $ 100 $ 7,900 $ 128 $ 200 $ 100 $ 1,600

$ 93,438 $ 93,438

Dana Sportwear Outlet Store

Work Sheet
For The Month Ended: Dec 31 1991
No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Description Cash Account Receivable Prepaid Insurance Supplies On Hand Merchandise Inventory Office Furniture Acc. Dep Office Furniture Store Equipment Acc. Dep Store Equipment Account Payable Bill Dana, Capital Bill Dana, Drawing Sales Sales Discount Sales Return & Allowance Miscellaneus Revenue Purchase Purchase Discount Purcjase Return & Allowance Transportation In Rent Expense Insurance Expense Supplies Expense Dep. Expense Office Furniture Dep. Expense Store Equipment Income Summary NET PROFIT $ $ $ $ $ $ $ Trial Balance Dr Cr 37,653 4,110 700 1,200 25,000 $ 4,000 $ 1,770 10,000 $ 4,720 $ 4,900 $ 52,910 1,000 $ 28,710 75 100 $ 100 7,900 $ 128 $ 200 100 1,600 $ $ $ $ $ 93,438 $ 93,438 $ Adjusting Entries Dr Cr $ $ 150 $ 300 $ 25,000 $ $ 30 $ 80 Adjusting Trial Balance Dr Cr 37,653 4,110 550 900 20,000 4,000 $ 1,800 10,000 $ 4,800 $ 4,900 $ 52,910 1,000 $ 28,710 75 100 $ 100 7,900 $ 128 $ 200 100 1,600 150 300 30 80 25,000 $ 20,000 113,548 $ 113,548 Income Statement Dr Cr $ $ $ $ $ $ $ Balance Sheet Dr Cr 37,653 4,110 550 900 20,000 4,000 $ 1,800 10,000 $ 4,800 $ 4,900 $ 52,910 1,000

$ $ 20,000 $ $ $

$ $ $ $

$ $ $ $

$ $ 28,710 $ $ 75 100 $ $ 7,900 $ $ $ $ $ $ $ $ $ $ $ $ 128 200 100

$ $

150 300 30 80 25,000 45,560

$ $ $ $ $ $ $ 20,000 $ $ 45,560 $

100 1,600 150 300 30 80 25,000 $ 20,000 35,335 $ 49,138 $ 78,213 $ 64,410 13,803 $ 13,803 49,138 $ 49,138 $ 78,213 $ 78,213

DANA SPORTWEAR OUTLAT STORE

INCOME STATEMENT
FOR THE MONTH ENDED 31 DEC 1991
Sales Sales Discount Sales Return and Allowance Net Sales Cost Of Good Sold Merchandise Inventory (B) Purchase Purchase Discount Purchase Return And Allowance $ 28,710 $ $ 75 100 $ (175) $ 28,535 $ 25,000 $ $ $ 128 200 $ $ $ (328) 7,572 100 $ 7,672 $ 32,672 $ 20,000 $ (12,672) $ 15,863 $ $ 1,600 150 $ $ $ $ 300 30 80 $ 410 $ $ 2,160 100 $ (2,060) $ 13,803 1,750 7,900

Transportation In Net Purchase Merchandise Available For Sales Merchandise Inventory (E) Cost Of Good Sold: Gross Profit Office Expenses: Rent Expense Insurance Expense Total Office Expenses Selling Expenses: Supllies Expenses Dep. Expense Office Furniture Dep. Expense Store Equipment Total selling expense Total Expenses Miscellaneus Revenue Net Profit

DANA SPORTWEAR OUTLAT STORE

CAPITAL STATEMENT
FOR THE MONTH ENDED 31 DEC 1991

Beginning Capital Net Profit Withdraw/ Drawing Increase In Capital Ending Capital Balance

$ 52,910 $ 13,803 $ 1,000 $ 12,803 $ 65,713

DANA SPORTWEAR OUTLAT STORE

BALANCE SHEET
FOR THE MONTH ENDED 31 DEC 1991

Assets: Current Assets: Cash Account Receivable Prepaid insurance Supplies On Hand Merchnadise Invenrory Fixed Assets: Office Furniture Acc. Dep. Office Furniture Store Equipment Acc. Dep. Store Equipment Total Assets

$ 37,653 $ 4,110 $ 550 $ 900 $ 20,000

Liabillities: Current Liabillities Account Payable

$ 4,900

$ $ $ $

$ 63,213 Capital: Ending Capital Bill Dana 4,000 31 Dec 1991 (1,800) 10,000 (4,800) $ 7,400 $ 70,613 Total Liabillities + Capital

$ 65,713

$ 70,613

DANA SPORTWEAR OUTLAT STORE

ADJUSTING ENTRIES
FOR THE MONTH ENDED 31 DEC 1991
Date December Description 31 Insurance Expense Prepaid Insurance 31 Supplies Expense Supplies 31 Dep. Expense Office Furniture Acc. Dep. Office Furniture 31 Dep. Expense Store Equipment Acc. Dep. Store Equipment 31 Income Summary Merchandise Inventory Merchandise Inventory Income Summary PR $ $ $ $ $ $ DR 150 $ 300 $ 30 $ 80 $ 25,000 $ 20,000 $ 20,000 25,000 80 30 300 150 CR

$ 45,560 $ 45,560

DANA SPORTWEAR OUTLET STORE

CLOSING ENTRIES
FOR THE MONTH ENDED 31 DEC 1991
Date December Description 31 Sales Miscellaneous Revenue Purchase Discount Purchase Return & Allowance Income Summary 31 Income Summary Sales Discount Sales Return & Allowance Purchase Tranportation In Rent Expense Insurance Expense Supplies Expense Dep. Expense Office Furniture Dep. Expense Store Equipment 31 Income Summary Bill Dana, Capital 31 Bill Dana, Capital Bill Dana, Drawing / Withdraw PR $ $ $ $ $ DR 28,710 100 128 200 $ 10,335 $ $ $ $ $ $ $ $ $ $ $ 13,803 $ 1,000 $ $ 54,276 $ 1,000 54,276 13,803 75 100 7,900 100 1,600 150 300 30 80 CR

29,138

DANA SPORTWEAR OUTLAT STORE

POST CLOSING TRIAL BALANCE

FOR THE MONTH ENDED 31 DEC 1991
No. Acc 1 2 3 4 5 6 7 8 9 10 11 Name Account Cash Account Receivable Prepaid Insurance Supplies On Hand Merchandise Inventory Office Furniture Acc. Dep. Office Furniture Store Equipment Acc. Dep. Store Equipment Account Payable Bill Dana, Capital DR $ 37,653 $ 4,110 $ 550 $ 900 $ 20,000 $ 4,000 $ $ 10,000 $ 4,800 $ 4,900 $ 65,713 $ 77,213 $ 77,213 CR

1,800

DANA SPORTWEAR OUTLET STORE

SCHEDULE OF ACCOUNT RECEIVABLE

FOR THE MONTH ENDED 31 DEC 1991
No 1 2 3 4 5 6 7 8 Account Debitors Sallie Branscom Cindy Carrel Charles Coleman John Grant James Hood V. P. Stone Jenice Thompson Jim Westerling Amount $ 200 $ 850 $ 900 $ 910 $ 1,200 $ 4,110

DANA SPORTWEAR OUTLET STORE

SCHEDULE OF ACCOUNT PAYABLE

FOR THE MONTH ENDED 31 DEC 1991
No Account Creditors 1 Athletic Shoe Corporation 2 Rackets Inc 3 Sports Clothes Inc Amount $ 1,000 $ 3,900 $ 4,900