1.

Label each General Ledger Account with the Correct Account Title and Account Number

Clic 2. First, enter all beginning balances to the correct accounts (date: 1 January). After that, journalize the transactions for the mo as necessary (GJ1, GJ2, etc.) and write the year at the top of the Date column. Be sure and enter the Clic Debit entry first, then the Credit entry. Including a short description of the transaction for each entry is optional. Description Clic SEL 3. Post the journal transactions to the General Ledger accounts. Remember, to complete the Post Ref columns.

4. Enter the final balance of each General Ledger account into the Trial Balance columns of the Worksheet. 5. Enter the Adjusting Entries for January in the Adjustment Columns of the Worksheet. 6. Complete the Worksheet 7. Prepare the Income Statement, Statement of Owner's Equity, and the Balance Sheet for the month of January.

NOT

#4-

8. Journalize the Adjusting Entries. In Peachtree the adjusting entries were journalized BEFORE the financial statement prepar 9. Post the Adjusting Entries to the General Ledger. 10. Journalize the Closing Entries. 11. Post the Closing Entries to the General Ledger. 12. Prepare a Post-Closing Trial Balance.

if you do not see the sheet tabs below (important) Click the January, 2011. Be sure to number the General Journal pages alize the transactions for the month ofOffice Icon (upper left side) Click Excel Options (lower right side) enter the Click help locating ch entry is optional. Descriptions Advanced errors. Click DISPLAY OPTIONS FOR THIS WORKBOOK SELECT SHOW SHEET TABS ost Ref columns.

Worksheet.
NOTE CHANGES TO THE INSTRUCTIONS @LEFT:

#4-6. Complete the worksheet manually (pencil and paper). It is not grade

month of January.

E the financial statement preparation..why?

aper). It is not graded.

Mini Practice Set Name: Date: INSERT COMPANY NAME GENERAL JOURNAL

***CHANGE THE NAME OF THE COMPANY TO YOU PLEASE MAKE THESE CHANGES ON ALL REMAININ

Page 1 Date 2014 JAN Account Titles and Description 2 SUPPLIES CASH PURCHASED SUPPLIES; CHK 1015 2 PREPAID INSURANCE CASH 1 YEAR INSURANCE PLAN; CHK 1016 7 CASH ACCOUNTS RECEIVABLE FEES INCOME PERFORMED SERVICES FOR CASH & CREDIT 12 CASH ACCOUNTS RECEIVABLE PMT FROM CREDIT CUSTOMERS 12 ADVERTISING EXPENSE CASH PAID FOR ADVERTISING ON RADIO, CHECK 1017 13 CASH ACCOUNTS RECEIVABLE COLLECTED FROM CR. CUSTOMERS 14 CASH SUPPLIES RETURNED DAMAGED SUPPLIES FOR CASH 15 CASH ACCOUNTS RECEIVABLE FEES INCOME SOLD SERVICES FOR CASH & CREDIT 20 SUPPLIES ACCOUNTS PAYABLE BOUGHT SUPPLIES ON ACCOUNT 20 CASH ACCOUNTS RECEIVABLE FEES INCOME SOLD SERVICES CASH & ACCOUNT PR 121 101 Debit $4,000 4000 Credit

JAN

134 101

6000 6000

JAN

101 111 401

18000 2000 20000

JAN

101 111

3000 3000

JAN

526 101

2800 2800

JAN

101 111

2500 2500

JAN

101 121

550 550

JAN

101 111 401

19500 2500 22000

JAN

121 202

3600 3600

JAN

101 111 401

10500 2250 12750

F THE COMPANY TO YOUR LAST NAME HANGES ON ALL REMAINING SHEETS.

if you do not see the sheet tabs below (important) Click the Office Icon (upper left side) Click Excel Options (lower right side) Click Advanced Click DISPLAY OPTIONS FOR THIS WORKBOOK SELECT SHOW SHEET TABS

Note: You will probably not use all journal sheets!

Mini Practice Set Name: Date: GENERAL JOURNAL Page 2 Date Account Titles and Description PR 101 111 Debit $3,200 3200 Credit

2014 JAN 20 CASH ACCOUNTS RECEIVABLE COLLECTED PMT ON ACCT JAN 21 MAINTENANCE EXPENSE CASH P/D CASH FOR MAINT; v1018 22 ADVERTISING EXPENSE CASH PD CASH FOR NEWSPAPER AD; v1019 23 TELEPHONE EXPENSE CASH 26 CASH ACCOUNTS RECEIVABLE PMT ON CREDIT ACCOUNTS 27 ACCOUNTS PAYABLE CASH v1021, pmt to office plus, inv# 2223 28 UTILITIES EXPENSE CASH P/D UTILITY BILL/ v1022 29 CASH ACCOUNTS RECEIVABLE FEES INCOME 31 SALARIES EXPENSE CASH paid monthly salaries, checks 1023-1027 31 BRITTANY HARRIS, DRAWING CASH v1028, withdraw for personal use

529 101

5025 5025

JAN

526 101

2800 2800

JAN

532 101 101 111

875 875 2800 2800

JAN

JAN

202 101

3000 30000

JAN

514 101

2175 2175

JAN

101 111 401 511 101

16500 3500 20000 20500 20500

JAN

JAN

302 101

12000 12000

Mini Practice Set Name: Date: GENERAL JOURNAL Page 3 Date Account Titles and Description PR 529 101 Debit $3,050 3050 Credit

2014 JAN 31 MAINTENANCE EXPENSE CASH v1029, maintenance services JAN 31 EQUIPMENT CASH ACCOUNTS PAYABLE Contemporary Equip. Company Inv#1030 31 CASH ACCOUNTS RECEIVABLE FEES INCOME Sold services for Cash/Credit

141 101 202

12800 10000 2800

JAN

101 111 401

4250 1450 5700

Mini Practice Set Name: Date: GENERAL JOURNAL Page 4 Date Account Titles and Description PR Debit Credit

Mini Practice Set Name: Date: INSERT COMPANY NAME GENERAL JOURNAL Page 5 Date Account Titles and Description PR Debit Credit

Mini Practice Set Name: Date: GENERAL JOURNAL Page 6 Date Account Titles and Description PR Debit Credit

Mini Practice Set Name: Section: Date:

COMPLETE THIS DOCUMENT MANUALLY (PRINT & USE PENCIL--DO NOT SUBMIT)

Account Titles CASH ACCOUNTS RECEIVABLE PREPAID INSURANCE PREPAID RENT EQUIPMENT ACCUM. DEPREC.-EQUIP ACCOUNTS PAYABLE BRITTANY&WELLS, CAPITAL BRITTANY&WELLS,DRAWING FEES INCOME SUPPLIES EXPENSE ADVERTISING EXPENSE DEPRECTIATION EXPENSE SALARIES EXPENSE UTILITIES EXPENSE TELEPHONE EXPENSE INSURANCE EXPENSE

Trial Balance Dr. Cr. ########

WORKSHEET FOR MONTH ENDED , 200X Adjustments Adjusted Trial Balance Dr. Cr. Dr. Cr.

Income Statement Dr. Cr.

Balance Sheet Dr. Cr.

Mini Practice Set COMPLETE the Income STATEMENT (FORMAT AND AMOUNTS ACCORDING TO EXAMPLES GIVEN THROUGHOUT TH

INCOME STATEMENT

STATEMENT OF OWNER'S EQUITY

GIVEN THROUGHOUT THE CHAPTERS

GRADED

GRADED

GRADED Format according to accounting principles.

BALANCE SHEET ASSETS LIABILITIES AND OWNER'S EQUITY

Mini Practice Set Name: Section: Date: POST-CLOSING TRIAL BALANCE Dr.

GRADED FORMAT ACCORDINGLY

Cr.

T ACCORDINGLY

Mini Practice Set Name: Section: ACCOUNTS MUST BE ORGANIZED ACCORDING TO THE EQUATION Date: FOR EACH ACCOUNT ADD ACCOUNT NAME & NUMBER AND CASH Date 2013 DEC 2014 JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN JAN 31 2 2 7 12 12 13 14 15 20 20 21 22 23 26 27 28 29 31 31 31 31 31 Explanation Post Ref. J1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ2 GJ2 GJ2 GJ2 GJ2 GJ2 GJ2 GJ2 GJ3 GJ3 GJ3 GJ3 GJ3 GJ3 Debit 111350 4000 6000 18000 3000 2800 2500 550 19500 10500 3200 5025 2800 875 2800 3000 2175 16500 20500 12000 3050 10000 4250 Credit

ENTER ALL BEGINNING BALANCES ACCORDING TO T

ACCOUNT NO. 101 Balance Debit Credit 111350 107350 101350 119350 122350 119550 122050 122600 142100 152600 155800 150775 147975 147100 149900 146900 144725 161225 140725 128725 125675 115675 119925

TOTAL

119925

NG BALANCES ACCORDING TO THE TEXT'S INSTRUCTIONS

NOTE*** you may not need all ledger account shells

Mini Practice Set Name: Section: Date: ACCOUNTS RECEIVABLE Post Explanation Ref. J1 GJ1 GJ1 GJ1 GJ1 GJ2 GJ2 GJ2 GJ3 GJ3 SUPPLIES Date 2013 DEC 31 2014 JAN 2 JAN 14 JAN 20 Explanation Post Ref. J3 GJ1 GJ1 GJ2 Debit 1,000.00 4,000.00 550.00 3,600.00 Credit

ADD CORRECT TITLES AND ACCOUNT YOU PROBABLY HAVE MORE ACCOUNT CHANGE THE NAME OF THE CAPITAL A ACCOUNT NO. 111 Balance Debit Credit 5,000.00 7,000.00 4,000.00 1,500.00 4,000.00 6,250.00 3,050.00 250.00 3,750.00 5,200.00 ACCOUNT NO. 121 Balance Debit Credit 1,000.00 5,000.00 4,450.00 8,050.00

Date 2013 DEC 2014 JAN JAN JAN JAN JAN JAN JAN JAN JAN 31 7 12 13 15 20 20 26 29 31

Debit 5,000.00 2,000.00

Credit

3,000.00 2,500.00 2,500.00 2,250.00 3,200.00 2,800.00 3500 1,450.00

Date 2014 JAN 2

PREPAID INSURANCE Post Explanation Ref. GJ1

Debit 6,000.00

Credit 0.00

ACCOUNT NO. 134 Balance Debit Credit 6,000.00

Date 2013 DEC 31

PREPAID RENT Post Explanation Ref.

Debit 4,000.00

Credit

ACCOUNT NO. 137 Balance Debit Credit

EQUIPMENT Date 2013 DEC 31 2014 JAN 31 Explanation Post Ref. Debit 11000 GJ3 12,800.00 Credit

ACCOUNT NO. 141 Balance Debit Credit 11000 23,800.00

T TITLES AND ACCOUNT NUMBERS TO THE REMAINING ACCOUNTS Y HAVE MORE ACCOUNTS THAN NEEDED NAME OF THE CAPITAL AND DRAWING ACCOUNTS TO MATCH THE COMPANY NAME!

Mini Practice Set Name: Section: Date: ACCUMULATED DEPRECIATED- EQUIPMENT Post Explanation Debit Ref. ACCOUNT NO. 142Balance Debit Credit 183

Date 2013 DEC 31

Credit

183

Date 2013 DEC 2014 JAN JAN JAN 31 20 27 31

ACCOUNTS PAYABLE Post Explanation Ref.

Debit

Credit 3,500.00

ACCOUNT NO. 202 Balance Debit Credit 3,500.00 7,100.00 4,100.00 6,900.00 ACCOUNT NO. 301 Balance Debit Credit 128,667.00

GJ2 GJ2 GJ3

3,600.00 3,000.00 2,800.00

Date 2013 DEC 31

BRITTANY & WELLS, CAPITAL Post Explanation Debit Ref.

Credit 128,667.00

Date 2014 JAN 31

BRITTANY & WELLS, DRAWING Post Explanation Debit Ref. GJ3 12,000.00

Credit

ACCOUNT NO. 302 Balance Debit Credit 12,000.00

FEES INCOME

ACCOUNT NO. 401

Date 2013 DEC 2014 JAN JAN JAN JAN JAN 31 7 15 20 29 31

Explanation

Post Ref.

Debit

Credit 47,000.00

Balance Debit Credit 47,000.00 67,000.00 89,000.00 101,750.00 121,750.00 127,450.00

GJ1 GJ1 GJ2 GJ3 GJ3

20,000.00 22,000.00 12,750.00 20,000.00 5,700.00

Mini Practice Set Name: Section: Date: ADD YOURNAME & WELLS, DRAWING Post Explanation Debit Ref. ACCOUNT NO. 302 Balance Debit Credit

Date

Credit

Date

INCOME SUMMARY Post Explanation Ref.

Debit

Credit

ACCOUNT NO. 309 Balance Debit Credit

Date

FEES INCOME Post Explanation Ref.

Debit

Credit

ACCOUNT NO. 401 Balance Debit Credit

Date

XXX EXPENSE Post Explanation Ref.

Debit

Credit

ACCOUNT NO. 511 Balance Debit Credit

Mini Practice Set Name: BRITTANY HARRIS Section: ONLINE ACCTG 101 Date: 6.3.12 SALARIES EXPENSE Post Explanation Ref. GJ3 ACCOUNT NO. 511 Balance Debit Credit 20,500.00

Date 2014 JAN 31

Debit 20,500.00

Credit

Date 2014 JAN 28

UTILITIES EXPENSE Post Explanation Ref. GJ3

Debit 2,175.00

Credit

ACCOUNT NO. 514 Balance Debit Credit 2,175.00

Date

SUPPLIES EXPENSE Post Explanation Ref.

Debit

Credit

ACCOUNT NO. 517 Balance Debit Credit

Date

RENT EXPENSE Post Explanation Ref.

Debit

Credit

ACCOUNT NO. 520 Balance Debit Credit

Mini Practice Set Name: Section: Date: Date DEPRECIATION EXPENSE- EQUIPMENT Post Explanation Debit Ref. Credit ACCOUNT NO. 523 Balance Debit Credit

Date 2014 JAN 12 JAN 22

ADVERTISING EXPENSE Post Explanation Ref. GJ1 GJ2

Debit 2,800.00 2,800.00

Credit

ACCOUT NO. 526 Balance Debit Credit 2,800.00 5,600.00

Date 2014 JAN 21 JAN 31

MAINTENANCE EXPENSE Post Explanation Ref. GJ2 GJ3

Debit 5,025.00 3,050.00

Credit

ACCOUNT NO. 529 Balance Debit Credit 5,025.00 3,050.00

Date 2014 JAN 23

TELEPHONE EXPENSE Post Explanation Ref. GJ2

Debit 875.00

Credit

ACCOUNT NO. 522 Balance Debit Credit 875.00

Date

INSURANCE EXPENSE Post Explanation Ref.

Debit

Credit

ACCOUNT NO. 535 Balance Debit Credit