MINI PRACTICE SET - McGraw Hill Education
[Pages:15]Name
Date
Class
1 MINI PRACTICE SET
TechVision Web Design
CHART OF ACCOUNTS
ASSETS 101 Cash in Bank 105 Accounts Receivable--Andrew Hospital 110 Accounts Receivable--Indiana Trucking 115 Accounts Receivable--Sunshine Products 130 Office Supplies 135 Office Equipment 140 Office Furniture 145 Web Server
LIABILITIES 205 Accounts Payable--Computer Specialists Inc. 210 Accounts Payable--Office Systems 215 Accounts Payable--Service Plus Software Inc.
OWNER'S EQUITY 301 Jack Hines, Capital 305 Jack Hines, Withdrawals
REVENUE 401 Web Service Fees
EXPENSES 505 Membership Expense 506 Telecommunications Expense 507 Rent Expense 508 Utilities Expense
Copyright ? McGraw-Hill Education. All rights reserved.
Mini Practice Set 1 77
Name
Date
Class
Mini Practice Set 1 (textbook p. 194)
Instructions: Use the following source documents to record the transactions for this practice set.
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
MEMORANDUM 1
TO: FROM: DATE: SUBJECT:
Accounting Clerk
May 1, 20 ? ? Investment
Please make necessary entry to record Jack Hines' investment of $50,000 into the business.
Computer Specialists Inc.
1231 Reseda Blvd., #2A Reseda, CA 91124
TechVision Web Design TO 717 E. Colorado Blvd., #1
Pasadena, CA 90017
QTY. 1
Web server
ITEM
INVOICE NO. WS4658421 DATE: May 7, 20? ?
ORDER NO.: SHIPPED BY:
TERMS:
UNIT PRICE TOTAL $35,000.00 $35,000.00
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
MEMORANDUM 2
TO: FROM: DATE: SUBJECT:
Accounting Clerk
May 2, 20 ? ? Additional investment
Record additional investment of a desktop computer and printer (office equipment) worth $3,500 made by Jack Hines.
TechVision Web Design
717 E. Colorado Blvd., #1 Pasadena, CA 90017
RECEIVED FROM James Market One thousand and 00/100 FOR Web site services
RECEIPT
No. 101
May 9
20 ? ?
$ 1,000.00
DOLLARS
RECEIVED BY Jack Hines
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
Office
Mart
DATE May 2
One hundred twenty-five and 00/100
First Bank
MEMO Office supplies
Jack Hines
322271779 0710613 101
20 ? ?
101
90-7177 3222
$ 125.00
DOLLARS
Office Systems
9177 California Blvd. Pasadena, CA 91210
TechVision Web Design TO 717 E. Colorado Blvd., #1
Pasadena, CA 90017
QTY. 3 4 1
Tables Swivel Chairs Fax Machine
ITEM
INVOICE NO. 457
DATE: May 3, 20? ? ORDER NO.: SHIPPED BY:
TERMS:
UNIT PRICE $300.00 250.00 800.00
TOTAL $ 900.00
1,000.00 800.00
$2,700.00
TechVision Web Design
717 E. Colorado Blvd., #1 Pasadena, CA 90017
Andrew Hospital TO 1314 Sherman Way
Van Nuys, CA 91331
QTY. N/A
ITEM Web site design services
Service Plus Softwar e Inc.
616 Cordova Street, #7 Glendale, CA 90121
TechVision Web Design TO 717 E. Colorado Blvd., #1
Pasadena, CA 90017
QTY. N/A
ITEM Software for Web server
INVOICE NO. 101 DATE: May 11, 20? ? ORDER NO.: SHIPPED BY: TERMS:
UNIT PRICE TOTAL $3,000.00 $3,000.00
INVOICE NO. 876 DATE: May 12, 20? ? ORDER NO.: SHIPPED BY: TERMS:
UNIT PRICE TOTAL $10,000.00 $10,000.00
Copyright ? McGraw-Hill Education. All rights reserved.
78 Mini Practice Set 1
Name
Date
Class
Mini Practice Set 1 (continued)
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
DWP
DATE May 14
One hundred eighteen and 00/100
First Bank
MEMO Electric bill
Jack Hines
322271779 0710613 102
102
90-7177 3222
20 ? ?
$ 118.00
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
May 19
RECEIPT No. 102
20 ? ?
RECEIVED FROM Intercom Inc.
$ 4,000.00
Four thousand and 00/100
DOLLARS
FOR Web site maintenance for one year
RECEIVED BY Jack Hines
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
Jack
Hines
DATE May 15
Two thousand five hundred and 00/100
First Bank
MEMO Personal withdrawal
Jack Hines
322271779 0710613 103
20 ? ?
103
90-7177 3222
$ 2,500.00
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1 Pasadena, CA 90017
Indiana Trucking TO 28111 Soledad Canyon
Newhall, CA 90011
QTY. N/A
Design services
ITEM
INVOICE NO. 103 DATE: May 20, 20? ? ORDER NO.: SHIPPED BY: TERMS:
UNIT PRICE TOTAL $2,000.00 $2,000.00
TechVision Web Design
717 E. Colorado Blvd., #1 Pasadena, CA 90017
Sunshine Products TO 1213 Oceanview Street
Santa Monica, CA 90171
QTY. N/A
Web site design
ITEM
INVOICE NO. 102 DATE: May 17, 20? ? ORDER NO.: SHIPPED BY: TERMS:
UNIT PRICE TOTAL $5,000.00 $5,000.00
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
Office
Mart
DATE May 18
Two hundred seventy-five and 00/100
First Bank
MEMO Filing cabinet
322271779 0710613
Jack Hines
104
20 ? ?
104
90-7177 3222
$ 275.00
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1 Pasadena, CA 90017
RECEIVED FROM Sunshine Products Two thousand five hundred and 00/100 FOR Payment on account
RECEIPT No. 103
May 21
20 ? ?
$ 2,500.00
DOLLARS
RECEIVED BY Jack Hines
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
Telecom
DATE May 22
Four thousand nine hundred and 00/100
First Bank
MEMO Telephone services
322271779 0710613
Jack Hines
105
20 ? ?
105
90-7177 3222
$ 4,900.00
DOLLARS
Copyright ? McGraw-Hill Education. All rights reserved.
Mini Practice Set 1 79
Name
Date
Class
Mini Practice Set 1 (continued)
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
DATE May 22
PAY TO THE ORDER OF
Service
Plus
Software
Inc.
20 ? ?
106
90-7177 3222
$ 3,333.00
Three thousand three hundred thirty-three and 00/100
First Bank
MEMO On account
Jack Hines
322271779 0710613 106
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
DATE May 30
PAY TO THE ORDER OF
Property
Management
Seven hundred fifty and 00/100
First Bank
MEMO Rent
322271779 0710613
Jack Hines
109
20 ? ?
109
90-7177 3222
$ 750.00
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
Office
Systems
DATE May 25
Two thousand and 00/100
First Bank
MEMO On account
322271779 0710613
Jack Hines
107
20 ? ?
107
90-7177 3222
$ 2,000.00
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1 Pasadena, CA 90017
RECEIVED FROM Job Info. Services One thousand and 00/100 FOR 2 months of Web site services
RECEIPT No. 104
May 26
20 ? ?
$ 1,000.00
DOLLARS
RECEIVED BY Jack Hines
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
Jack
Hines
DATE May 30
Two thousand five hundred and 00/100
First Bank
MEMO Personal withdrawal
Jack Hines
322271779 0710613 110
20 ? ?
110
90-7177 3222
$ 2,500.00
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
DATE May 30
PAY TO THE ORDER OF
Computer
Specialists
Inc.
Twenty-five thousand and 00/100
First Bank
MEMO On account
Jack Hines
322271779 0710613 111
20 ? ?
111
90-7177 3222
$ 25,000.00
DOLLARS
TechVision Web Design
717 E. Colorado Blvd., #1
Pasadena, CA 90017
PAY TO THE ORDER OF
All
Inclusive
Group
DATE May 27
Seven thousand and 00/100
First Bank
MEMO Membership dues
Jack Hines
322271779 0710613 108
20 ? ?
108
90-7177 3222
$ 7,000.00
DOLLARS
Copyright ? McGraw-Hill Education. All rights reserved.
80 Mini Practice Set 1
Name
Date
Class
Mini Practice Set 1 (continued)
GENERAL JOURNAL
DATE
DESCRIPTION
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 27 28 29 30 31 32 33 34 35 36 37
POST. REF.
. DEBIT
PAGE
CREDIT
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 27 28 29 30 31 32 33 34 35 36 37
Mini Practice Set 1 81
Copyright ? McGraw-Hill Education. All rights reserved.
Name
Date
Class
Mini Practice Set 1 (continued)
GENERAL JOURNAL
DATE
DESCRIPTION
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 27 28 29 30 31 32 33 34 35 36 37
POST. REF.
. DEBIT
82 Mini Practice Set 1
PAGE
CREDIT
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 27 28 29 30 31 32 33 34 35 36 37
Copyright ? McGraw-Hill Education. All rights reserved.
Name
Date
Class
Mini Practice Set 1 (continued)
ACCOUNT
GENERAL LEDGER
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
Copyright ? McGraw-Hill Education. All rights reserved.
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
Mini Practice Set 1 83
Name
Date
Mini Practice Set 1 (continued)
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
Class
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
ACCOUNT
DATE
DESCRIPTION
POST. REF.
DEBIT
CREDIT
ACCOUNT NO.
BALANCE
DEBIT
CREDIT
Copyright ? McGraw-Hill Education. All rights reserved.
84 Mini Practice Set 1
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- chapter 2 developing marketing strategies and a marketing
- business driven technology
- marketing 6th edition by dhruv grewal prd and michael
- all in one camp pmp
- study guides fmcd
- copyright © 2015 mcgraw hill education all rights
- mini practice set mcgraw hill education
- foundations of financial management mcgraw hill education
Related searches
- mcgraw hill education connected ed
- mcgraw hill education sign up
- copyright mcgraw hill education answers
- copyright mcgraw hill education test
- mcgraw hill education website
- mcgraw hill education answer key
- copyright mcgraw hill education answers business management
- copyright mcgraw hill education answers business management chapter 6
- mcgraw hill education canada
- mcgraw hill education publishing location
- mcgraw hill education instructor resources
- mcgraw hill education worksheets