You are now instructed to record transactions that occurred throughout the second week of June into the

company's books. The week 2 transactions are listed below:

Week 2
Dat
e

Transaction description

Purchased 15 DropZone Parachutes from Addax Sports for $280 each, terms net 30.

10

Paid the full amount owing to Sport Borders, Check No. 715. Payment fell outside discount
period.

10

Sold 10 Extreme GPS-enabled Helmets to The Locker Room for $216 each, Invoice No. 422.

11

Paid sales staff wages of $2,402 for the week up to and including yesterday, Check No. 716.

12

Paid the full amount owing to Sports 'R Us, Check No. 717.

13

Paid the full amount owing to Hike, Check No. 718.

13

Mick's Sporting Goods paid the full amount owing on their account. Since Mick's Sporting
Goods has been a loyal customer from the day the business commenced, a 10% discount was
given for this early repayment.

13

Made cash sale of 29 Downhill Snowboards for $512 each.

Instructions for week 2

1)Record all week 2 transactions in the relevant journals.
Note that special journals must be used where applicable. Any transaction that cannot be recorded in a
special journal should be recorded in the general journal.
2)Post entries recorded in the journals to the appropriate ledger accounts according to the company's
accounting policies and procedures.
Note that the relevant totals of the special journals will be posted to the general ledger accounts at the end
of the month. You will enter this before you prepare the Bank Reconciliation Statement.
3)Update inventory cards on a daily basis.
Back-On-Track functionality

Please note that any answers from previous pages carried through onto this page (either on the page or in a
popup information page) have been reset, if necessary, to the correct answers. Your particular answers from
previous pages are no longer shown.
Remember to enter all answers to the nearest whole dollar. When calculating a discount, if a discount is
not a whole number, round the discount to the nearest whole dollar. Then, to calculate the cash amount,
subtract the discount from the original amount.
Before pressing the Submit answers button, we recommend that you click the Show All tab and check that
all relevant accounting records have been completed.
Additional instructions
Inventory cards:

Each transaction recorded in the inventory cards must be entered in a pair of lines provided. You
may be required to record a transaction in a single line or two separate lines within the pair of lines
provided. Whether one or two lines are required depends on the unit costs of the items involved in that
transaction. If a transaction involves items with the same unit cost, you must record that transaction in a

single line. Alternatively, if those items have two different unit costs, you are required to use a separate
line within the pair of lines provided for each different unit cost.

In order to receive full points, you must not combine two transactions into the one pair of lines. See
the Inventory cards ~ May popup below the 'Information from previous pages' heading for an example of
how inventory cards are to be completed.

Note that you may enter a positive or negative number into the Units and Total Cost columns but all
unit costs must be entered as positive numbers into the Unit Cost columns.
Remember:

Each transaction recorded in a special journal must be entered in one line. In order to receive full
points, you must not split up the relevant transaction into more than one line in the special journal.
In special journals, some accounting textbooks do not always require a reference to be recorded in
the Post Ref. column. In this practice set, in order to receive full points, every transaction entered in a
special journal requires an entry in the Post Ref. column. Note that in the special journals, if the account
name selected for a transaction corresponds to the heading of one of the columns in that special journal,
the post ref is to be recorded as an X. This is because these transactions are not posted on a daily basis.
In order to receive full points, you must record only the letter X in the Post Ref. column for these
transactions.
You are also required to apply the journals and ledgers instructions provided in Week 1.

Show All Special JournalsGeneral JournalSubsidiary LedgersGeneral LedgerInventory

41959111875318

NOANSWER

'100','Cash','110',

'110-1','ARC - Mic
(Q=401.salesJournalWeek2)

SALES JOURNAL

Date

Account

Invoice
No.

Post
Ref.

Accounts
Receivable

Cost of
Goods Sold

45419759094846
NOANSWER

98311436905576

Jun
(select)

NOANSWER

21715399103984

Jun
(select)

NOANSWER

09674546686206

Jun
(select)

NOANSWER

Jun
(select)

47808093606643

NOANSWER
(Q=402.purchasesJournalWeek2)

PURCHASES JOURNAL

Date

Account

Post
Ref.

Terms

Accounts
Payable

20453686897030
NOANSWER

67436573890463

Jun

NOANSWER

(select)

67653131695076

Jun

NOANSWER

(select)

49427646556153

Jun

NOANSWER

(select)

Jun
(select)

69324246763342

NOANSWER
(Q=403.cashReceiptsJournalWeek2)

CASH RECEIPTS JOURNAL

Note: In order to receive full points, for each transaction you must select an account under the column
labeled 'Account', as indicated under the additional instructions above. Since all transactions in this journal
affect the Cash account, you are asked to enter the name of the appropriate account credited in these
transactions into the Account column so that the type of transaction can be determined by the name of the
account entered into this column.

Debit
Date

Account

Post
Ref.
Cash

J
u
n

Bank Loan
Payable

J
u
n

ARC - Jump
Around

J
u
n

250

50,000

110-5

3,897

Sales
Discou
nts

Cost of
Goods
Sold

Credit

Sales
Revenu
e

Accoun
Other
ts
Accoun
Receiva
ts
ble
50,000

3,897

44244770593875
NOANSWER
10404413463436
NOANSWER

NOANSWER

(select)

J
u
n

73891694671728
NOANSWER

(select)

J
u
n

93979570635340
NOANSWER

(select)

J
u
n

31104259555086
NOANSWER

(select)

J
u
n

(select)

J
u
n

(select)

03957540204191

86298971362684

NOANSWER

NOANSWER
(Q=404.cashPaymentsJournalWeek2)

CASH PAYMENTS JOURNAL

Note: In order to receive full points, for each transaction you must select an account under the column
labeled 'Account', as indicated under the additional instructions above. Since all transactions in this journal
affect the Cash account, you are asked to enter the name of the appropriate account debited in these
transactions into the Account column so that the type of transaction can be determined by the name of the
account entered into this column.

Debit
Date

Account

Check
No.

Post
Ref.

Accoun
ts
Payable

Mercha
ndise
Invento
ry

Credit

Wages
Expens
e

Other
Accoun
ts

Cash

J
u
n

1 Prepaid Rent

710

140

9,200

9,200

J
u
n

Electricity
Payable

711

221

803

803

J
u
n

Wages
Payable

712

220

1,154

1,777

5 APC - Addax

713

210-6

623
3,680

3,680

u
n
J
u
n

Sports

Office
Supplies

714

130

539

539

96021421441765
NOANSWER

J
u
n

18402247712947
NOANSWER

(select)

J
u
n

46104035979141
NOANSWER

(select)

J
u
n

14542887562720
NOANSWER

(select)

J
u
n

13984976179654
NOANSWER

(select)

J
u
n

(select)

J
u
n

(select)

90585352128837

81171684739449

NOANSWER

NOANSWER
(Q=405.generalJournalWeek2)

GENERAL JOURNAL

Date

Account and Explanation

Post
Ref.

Debit

Credit

51688366084818
NOANSWER

Jun

(select)

45949905926795
NOANSWER

(select)

59144152968331
NOANSWER

(select)

Jun

59975111925705
NOANSWER

(select)

64986383113908
NOANSWER

(select)

Jun

63198955564938
NOANSWER

(select)

51720553018540

NOANSWER
(Q=410-110-1.AcctsRec1_week2)

SUBSIDIARY LEDGERS
Account: ARC - Mick's Sporting Goods
Account No. 110-1

Date

Ma
y

Description

31 Balance

Ref.

Debit

Credit

Balance

2,340 DR

69336331495757
NOANSWER

Jun

52690179777202
NOANSWER

Jun

25522260194443
NOANSWER

Jun

59038285477091

NOANSWER
(Q=410-110-3.AcctsRec3_week2)

Account: ARC - The Locker Room

Account No. 110-3

Date

Ma
y

Description

Ref.

Debit

Credit

31 Balance

Balance

12,105 DR

51049633526612
NOANSWER

13794622405978

Jun

NOANSWER

36042778514018

Jun

NOANSWER

Jun

03969705564951

NOANSWER
(Q=410-110-6.AcctsRec6_week2)

Account: ARC - Croquet and Cricket

Account No. 110-6

Date

Ma
y

Description

31 Balance

Ref.

Debit

Credit

Balance

4,263 DR

17285671169375
NOANSWER

Jun

39984686566864
NOANSWER

Jun

94383618766818
NOANSWER

Jun

09972503568612

NOANSWER
(Q=410-210-1.AcctsPay1_week2)

Account: APC - Sports 'R Us

Account No. 210-1

Date

Ma
y

Description

Ref.

Debit

Credit

31 Balance

Balance

2,512 CR

31277132950223
NOANSWER

82941240703907

Jun

NOANSWER

57517728634854

Jun

NOANSWER

Jun

03718324104161

NOANSWER
(Q=410-210-2.AcctsPay2_week2)

Account: APC - Sport Borders

Account No. 210-2

Date

Ma
y

Description

31 Balance

Ref.

Debit

Credit

Balance

3,587 CR

96421985144875
NOANSWER

19756269047502

Jun

NOANSWER

82708929001061

Jun

NOANSWER

Jun

13014825774316

NOANSWER
(Q=410-210-5.AcctsPay5_week2)

Account: APC - Hike

Account No. 210-5

Date

Ma
y

Description

Ref.

Debit

Credit

31 Balance

Balance

4,377 CR

65087996098290
NOANSWER

80988119673984

Jun

NOANSWER

87185274067500

Jun

NOANSWER

Jun

77719091165757

NOANSWER
(Q=410-210-6.AcctsPay6_week2)

Account: APC - Addax Sports

Account No. 210-6

Date
Ma
y

Jun

Description

Ref.

Debit

31 Balance

5 Repayment

Credit

Balance
3,680 CR

CPJ

3,680

63358644186413
NOANSWER

38850456717397

Jun

NOANSWER

92252628390134

Jun

NOANSWER

Jun

64045528469162

NOANSWER
(Q=420-100.Cash_week2)

GENERAL LEDGER
Account: Cash
Account No. 100

Date

Ma
y

Description

Ref.

Debit

Credit

31 Balance

Balance

65,698 DR

81951261206438
NOANSWER

94460327617144

Jun

NOANSWER

92101985402967

Jun

NOANSWER

Jun

63905915018384

NOANSWER
(Q=420-110.AcctsRecControl_week2)

Account: ARC - Accounts Receivable Control

Account No. 110

Date

Ma
y

Description

31 Balance

Ref.

Debit

Credit

Balance

31,245 DR

98575730065165
NOANSWER

37088352708689

Jun

NOANSWER

30770128793524

Jun

NOANSWER

Jun

50015202844878

NOANSWER
(Q=420-120.Inventory_week2)

Account: Merchandise Inventory

Account No. 120

Date

Ma
y

Description

Ref.

Debit

Credit

31 Balance

Balance

57,048 DR

43583532727807
NOANSWER

48718005422351

Jun

NOANSWER

39140492706665

Jun

NOANSWER

Jun

57619773588342

NOANSWER
(Q=420-400.SalesRevenue_week2)

Account: Sales Revenue

Account No. 400

Date

Ma
y

Description

Ref.

31 Balance

Debit

Credit

Balance

14713089209193
NOANSWER

24857703205104

Jun

NOANSWER

43505188836663

Jun

NOANSWER

Jun

75893670290921

NOANSWER

Account: Sales Returns and Allowances

Account No. 401

(Q=420-401.SalesReturns_week2)

Date

Ma
y

Description

Ref.

Debit

Credit

Balance

31 Balance

37297330867776
NOANSWER

95958802084701

Jun

NOANSWER

81277234648049

Jun

NOANSWER

Jun

53006250724440

NOANSWER
(Q=420-402.SalesDisc_week2)

Account: Sales Discounts

Account No. 402

Date

Ma
y

Description

Ref.

Debit

Credit

Balance

31 Balance

93393437570200
NOANSWER

20846433448805

Jun

NOANSWER

56181026173223

Jun

NOANSWER

Jun

16161017148547

NOANSWER
(Q=420-500.CostOfSales_week2)

Account: Cost of Goods Sold

Account No. 500

Date

Description

Ref.

Debit

Credit

Balance

Ma
y

31 Balance

05773655971379
NOANSWER

57705412361519

Jun

NOANSWER

13398621130871

Jun

NOANSWER

Jun

33984242676498

NOANSWER
(Q=420-516.WagesExpense_week2)

Account: Wages Expense

Account No. 516

Date

Ma
y

Description

Ref.

Debit

Credit

Balance

31 Balance

92802051580842
NOANSWER

91556270392561

Jun

NOANSWER

54955696055027

Jun

NOANSWER

Jun

86468520444248

NOANSWER
(Q=430.Inventory1_week2)

INVENTORY CARDS
Downhill Snowboards

Date

Purchases

Cost of Goods Sold

Balance

Units
M
ay

Unit
Cost
($)

31

Total
Cost
($)

Units

Unit
Cost
($)

Total
Cost
($)

Unit
Cost
($)

Units

Total
Cost
($)

31

240

7440

16

296

4736

89583268012386
NOANSWER

Ju
n

27169922271693
NOANSWER

Ju
n

95884713029877
NOANSWER

Ju
n

25238112068420
NOANSWER

Ju
n

62557932393578

NOANSWER

Extreme GPS-Enabled Helmets

(Q=430.Inventory3_week2)

Purchases
Date

M
ay

Units

Unit
Cost
($)

31

Cost of Goods Sold

Total
Cost
($)

Units

Unit
Cost
($)

Total
Cost
($)

Balance
Unit
Cost
($)

Units

84

120

Total
Cost
($)
10080

40219440692169
NOANSWER

Ju
n

48246588541510
NOANSWER

Ju
n

09725976809940
NOANSWER

Ju
n

79463058896052
NOANSWER

Ju
n

23800786370949

NOANSWER
(Q=430.Inventory5_week2)

DropZone Parachutes

Purchases
Date

M
ay

Units

31

Unit
Cost
($)

Cost of Goods Sold

Total
Cost
($)

Units

Unit
Cost
($)

Total
Cost
($)

Balance
Units

66

Unit
Cost
($)
280

Total
Cost
($)
18480

90808571456934
NOANSWER

Ju
n

64875040407886
NOANSWER

Ju
n

83841329722540
NOANSWER

Ju
n

46708758363162
NOANSWER

Ju
n

Journal

Code

Transaction type

General journal

GJ

All transactions that are not able to be recorded in the

special journals below.

Sales journal

SJ

Credit sales of inventory

Purchases journal

PJ

Credit purchases of inventory

Cash receipts journal

CRJ

Cash inflows to the business

Cash payments journal

CPJ

Cash outflows from the business

Dat
e

Description

Week 1
1

Issued Check No. 710 for $9,200 to pay Realty Bites for two month's worth of rent in advance.

Obtained a loan of $50,000 from BitiBank at a simple interest rate of 6% per year. The first
interest payment is due at the end of August 2015 and the principal of the loan is to be repaid
on June 1, 2019.

Made payment of $803 to Integer Energy for 3 months of electricity up to and including May 31,

Check No. 711.

4

Paid sales staff wages of $1,777 for the week up to and including yesterday, Check No. 712.
Note that $1,154 of this payment relates to the wages expense incurred during the last week of
May.

Paid the full amount owing to Addax Sports, Check No. 713.

Jump Around paid the full amount owing on their account.

Issued Check No. 714 to Office Supplies Warehouse for the purchase of $539 worth of office
supplies.

Week 2
8

Purchased 15 DropZone Parachutes from Addax Sports for $280 each, terms net 30.

10

Paid the full amount owing to Sport Borders, Check No. 715. Payment fell outside discount
period.

10

Sold 10 Extreme GPS-enabled Helmets to The Locker Room for $216 each, Invoice No. 422.

11

Paid sales staff wages of $2,402 for the week up to and including yesterday, Check No. 716.

12

Paid the full amount owing to Sports 'R Us, Check No. 717.

13

Paid the full amount owing to Hike, Check No. 718.

13

Mick's Sporting Goods paid the full amount owing on their account. Since Mick's Sporting
Goods has been a loyal customer from the day the business commenced, a 10% discount was
given for this early repayment.

13

Made cash sale of 29 Downhill Snowboards for $512 each.

Week 3
16

Purchased 17 DropZone Parachutes from Sports 'R Us for $336 each, terms 2/10, n/30.

16

Sold 6 Melon Watt Skateboards to Jump Around for $224 each, Invoice No. 423.

17

Purchased 20 Downhill Snowboards from Hike for $296 each, terms net 30.

18

Croquet and Cricket paid $2,300 in partial payment of their account.

18

Paid sales staff wages of $1,809 for the week up to and including yesterday, Check No. 719.

18

Received a purchase order from Croquet and Cricket. Created a corresponding sales order to
deliver 28 Melon Watt Skateboards to this customer for $224 each, Invoice No. 425.

19

The Locker Room returned 7 Extreme GPS-enabled Helmets that were originally sold for $216
each on 10 June. These items cost $120 each and were not faulty or damaged. Issued a Credit
Memorandum for $1,512.

20

Made cash sale of 42 Specialist Body Boards for a list price of $240 each. A trade discount of
20% applies.

Week 4
24

Sold 93 DropZone Parachutes to Jump Around for $496 each, Invoice No. 424.

25

The Locker Room paid the full amount owing on their account.

25

Paid sales staff wages of $1,818 for the week up to and including yesterday, Check No. 720.

27

Delivered 28 Melon Watt Skateboards to Croquet and Cricket for $224 each, Invoice No. 425.
These items were ordered on the 18th.

27

Made cash sale of 12 Extreme GPS-enabled Helmets for $216 each.

28

Paid the full amount owing to Sports 'R Us, Check No. 721. Payment fell outside discount
period.

28

Returned 4 faulty Downhill Snowboards, originally purchased for $296 each, to Hike. Received
a Credit Note for $1,184.

28

Ordered 15 DropZone Parachutes from Extreme Sports Inc for $336 each. Agreed terms with
Extreme Sports Inc are 2/10, n/30.

Week 5
29

Received 15 DropZone Parachutes for $336 each, which were ordered on the 28 th. Agreed
terms with Extreme Sports Inc are 2/10, n/30.

29

Great Sports paid the full amount owing on their account.

29

Made cash sale of 6 Downhill Snowboards for $512 each.

29

Purchased 13 Specialist Body Boards with cash for a list price of $120 each. A trade discount
of 20% applies, Check No. 722.

30

Paid monthly salary of $4,800 to Adrian Richardson, Check No. 723.

The Adrenaline Hut
Post-closing Trial Balance
May 31, 2015

Account No.

Name

Debit
($)

100 Cash

65,698

110 ARC - Accounts Receivable Control

31,245

120 Merchandise Inventory

57,048

130 Office Supplies

Credit
($)

2,689

140 Prepaid Rent

141 Prepaid Advertising

12,000

142 Prepaid Insurance

4,900

150 Office Furniture

8,000

151 Accum Depn: Office Furniture

160 Office Equipment

2,275
36,000

161 Accum Depn: Office Equipment

20,444

210 APC - Accounts Payable Control

44,687

220 Wages Payable

1,154

221 Electricity Payable

854

222 Water Payable

128

225 Interest Payable

250 Bank Loan Payable

300 Common Stock

60,000

301 Retained Earnings

88,038

310 Income Summary

400 Sales Revenue
401 Sales Returns and Allowances
402 Sales Discounts
403 Interest Revenue
500 Cost of Goods Sold
511 Advertising Expense
516 Wages Expense
540 Rent Expense
541 Electricity Expense
542 Water Expense
543 Insurance Expense
544 Office Supplies Expense
545 Salary Expense
560 Depn Expense: Office Furniture
561 Depn Expense: Office Equipment
571 Interest Expense
572 Admin. Expense - Bank Charges
Total

217,580

217,580

The Adrenaline Hut

Schedule of Accounts Receivable
May 31, 2015
Account No.

Debit
($)

Name

110-1 ARC - Mick's Sporting Goods

2,340

110-2 ARC - Balls 'n All

4,606

110-3 ARC - The Locker Room

12,105

110-4 ARC - Great Sports

4,034

110-5 ARC - Jump Around

3,897

110-6 ARC - Croquet and Cricket

4,263
Total

31,245

Credit
($)

The Adrenaline Hut

Schedule of Accounts Payable
May 31, 2015
Account No.

Debit
($)

Name

Credit
($)

210-1 APC - Sports 'R Us

2,512

2/10, n/30

210-2 APC - Sport Borders

3,587

1/15, n/30

26,236

net 30

210-4 APC - Extreme Sports Inc

4,295

2/10, n/30

210-5 APC - Hike

4,377

net 30

210-6 APC - Addax Sports

3,680

net 30

210-3 APC - J. J. Spud

Total

Purchases
Date

Unit
s

Ma
y

Ma
y

Ma
y

Ma
y

16

Unit
Cost

296

Total
Cost

3
1

Unit
Cost

Unit
Cost

Total
Cost

4736

Purchases

Ma
y

Unit
s

Unit
s

44,687

Cost of Goods Sold

2
2

Date

Terms

240

240

1200

1200

Balance
Unit
s

Unit
s

Unit
Cost

Total
Cost

Total
Cost

41

240

9840

41

240

9840

16

296

4736

36

240

8640

16

296

4736

31

240

7440

16

296

4736

Cost of Goods Sold

Total
Cost

Unit
Cost

Balance
Unit
s

Unit
Cost

Total
Cost

47

112

5264

49

120

5880

Ma
y

Ma
y

Ma
y

1
3

2
3

3
1

10

18

120

Ma
y

Ma
y

Ma
y

Ma
y

Unit
s

Unit
Cost

1120

18

120

Total
Cost

Unit
s

Unit
Cost

Total
Cost

2160

2
7

3
1

24

120

Date

Unit
s
1

Unit
Cost

112

4816

49

120

5880

33

112

3696

49

120

5880

33

112

3696

67

120

8040

Balance

43

Cost of Goods Sold

50

88

4400

120

360

2880

Purchases

Ma
y

112

448

2160

Purchases
Date

112

Unit
s

Unit
s

Unit
Cost

Total
Cost

Total
Cost

50

88

4400

45

120

5400

50

88

4400

63

120

7560

60

120

7200

84

120

10080

Cost of Goods Sold

Total
Cost

Unit
Cost

Balance
Unit
s
40

Unit
Cost

Total
Cost
96

3840

Ma
y

1
3

17

96

1632

23

96

2208

Ma
y

2
4

96

576

17

96

1632

Ma
y

3
1

17

96

1632

23

128

2944

23

128

2944

Purchases
Date

Ma
y

Ma
y

Ma
y

Unit
s

Unit
Cost

Cost of Goods Sold

Total
Cost

Unit
s

Unit
Cost

Total
Cost

1
6

23

280

43

240

10320

280

1680

6440

Balance
Unit
s

Unit
Cost

Total
Cost

43

240

10320

49

280

13720

43

280

12040

66

280

18480

The Adrenaline Hut

Bank Reconciliation Statement
May 31, 2015
Balance per bank:
Add:
deposit in transit from Great Sports
deposit in transit from Mick's Sporting Goods

$69,303
$3,655
1,000
4,655
73,958

Deduct:
outstanding check
outstanding check
Adjusted balance per bank
Balance per book:
Add:
interest earned

No. 709
No. 708

$6,400
1,860
8,260
$65,698
$65,418
289
65,707

Deduct:
bank service charge
Adjusted balance per book

9
$65,698

Denver branch
Account No.
78740446

Adrian Richardson
298 Rogers Drive
Denver, CO 80012

Page No.
1

The Adrenaline Hut

Date Particulars

Debit

Credit

Balance

JUN 1

BALANCE BROUGHT FORWARD

$69,303 CR

JUN 1

DEPOSIT - Great Sports

JUN 1

708

$1,860

$71,098 CR

JUN 4

711

$803

$70,295 CR

JUN 5

710

$9,200

$61,095 CR

JUN 5

LOAN

$50,000

$111,095 CR

JUN 5

DEPOSIT - Mick's Sporting Goods

$1,000

$112,095 CR

JUN 5

709

$6,400

$105,695 CR

JUN 6

712

$1,777

$103,918 CR

JUN 7

713

$3,680

$100,238 CR

JUN 8

714

$539

$99,699 CR

$3,655

JUN 10 DEPOSIT - Jump Around

$3,897

$72,958 CR

$103,596 CR

JUN 12 715

$3,587

$100,009 CR

JUN 13 716

$2,402

$97,607 CR

JUN 15 DEPOSIT - Mick's Sporting Goods

JUN 17 718

$2,106
$4,377

JUN 17 DEPOSIT - Cash sales

$99,713 CR
$95,336 CR

$14,848

$110,184 CR

JUN 18 717

$2,512

$107,672 CR

JUN 20 719

$1,809

$105,863 CR

JUN 23 DEPOSIT - Croquet and Cricket

$2,300

$108,163 CR

JUN 24 DEPOSIT - Cash sales

$8,064

$116,227 CR

JUN 25 NSF CHECK - Croquet and Cricket

$2,300

$113,927 CR

JUN 27 720

$1,818

$112,109 CR

JUN 29 DEPOSIT - Cash sales

$2,592

$114,701 CR

JUN 30 DEPOSIT - Great Sports

$4,034

$118,735 CR

JUN 30 722

$1,248

JUN 30 INTEREST

$559

JUN 30 SERVICE CHARGE

Last statement to
05/31/15

$117,487 CR

This statement to
06/30/15

$9

Total debits
$44,321

$118,037 CR

Total credits
$93,055

Proceeds of checks will not be available until cleared.

All entries for the last business day are subject to verification and authorization.
Any items not paid, or withdrawn, will be adjusted by reversal entry on a later statement.
NSF means Not-Sufficient-Funds.

Submit answers
Manual Accounting Practice Set
The Adrenaline Hut, US GAAP Edition 3 (VSU3q)

$118,046 CR

Final balance
$118,037 CR