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1. Total each column of the special journals. Show that the total debits equal the total credits in each special journal.

2. Balance or reconcile the amounts receivable subsidiary ledger and accounts receivable in the general ledger. Do the same for the accounts payabel subsidiary ledger and accounts payable in the general ledger.

Sales Journal PAGE 7
DATE		INVOICE NO.	ACCOUNTS DEBITED	POST. REF.	ACCOUNTS RECEIVABLE DR. SALES REVENUE CR.	COST OF GOODS SOLD DR. INVENTORY CR.
July	2	913	Ishikawa Corp		24600	10800
July	9	914	Bell Ltd		33300	13860
July	15	915	M.O.Brown		3990	1440
July	18	916	Ishikawa Corp		2142	762
July	29	917	Bell Ltd		2976	1320

Cash Receipts Journal PAGE 5
		DEBITS		CREDITS					COST OF GOODS SOLD DR. INVENTORY CR.
						OTHER ACCOUNTS
DATE		CASH	SALES DISCOUNTS	ACCOUNTS RECEIVABLE	SALES REVENUE	ACCOUNT TITLE	POST. REF.	AMOUNT
July	5	6462			6462	Cash sales			2880
July	8	6650				Interest revenue		6650
July	9	32967	333	33300		Bell Ltd
July	12	24354	246	24600		Ishikawa Corp
July	31	2142		2142		Ishikawa Corp

Req.

Purchases Journal PAGE 10

CREDITS

DEBITS

OTHER ACCOUNTS

DATE

ACCOUNT CREDITED

INVOICE DATE

TERMS

POST REF.

ACCOUNTS PAYABLE

INVENTORY

SUPPLIES

ACCOUNT TITLE

POST. REF.

AMOUNT

July

3

Nakkach

14802

July

20

Burgess

12282

July

28

Manley

8050

Cash Payments Journal PAGE 8
						DEBITS		CREDITS
DATE		CHQ. NO.	ACCOUNTS DEBITED	POST REF.		OTHER ACCOUNTS	ACCOUNTS PAYABLE	INVENTORY	CASH
July	5		Furniture						13110
July	10		Purchases						6858
July	13		Nakkach				14802		14358
July	22		Prepaid insurance						6000
July	25		Utilities						6718
July	30		Manley Inc				8050		7889
July	31		Salaries						14082

Accounts Receivable Subsidiary Ledger

ACCOUNT BELL LTD.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	9	Bell Ltd	6	33300		33300
July	19	Bell Ltd	13	32967		32967
July	19	Bell Ltd Discount	13		333	333
July	29	Bell Ltd	21	2976		2976

ACCOUNT M.O. BROWN
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	15	M.O.Brown (credit sale)	11	3990		3990
July	15	M.O.Brown (Sold to)	11		1440	1440

ACCOUNT ISHIKAWA INC.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	2	Ishikawa Inc (credit sale)	1	24600		24600
July	10	Ishikawa Inc (discount)	8	246		246
July	10	Ishikawa Inc	8		24354	-24354
July	18	Ishikawa Inc (credit sale)	13		2142	-2142

Accounts Payable Subsidiary Ledger

ACCOUNT BURGESS DISTRIBUTING LTD.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	15	Burgess Distribution Ltd (Purchases)	15		$12,282	-$12,282

ACCOUNT NAKKACH CORP.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	3	Nakkach Corp (purchase of inventory)	2		$14,802	-$14,802
July	13	Nakkach Corp (Discount)	9	$444.06		$444.06
July	22	Nakkach Corp (Furniture Purchase)	16		$3870	-$3870

ACCOUNT MANLEY, INC.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	13	Manley Inc (Purchase of supplies)	10		$8646	-$8646
July	28	Manley Inc	19		$805	-$805
July	29	Manley Inc (Return)	20	$4050		$4050

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