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Please help me with week 2 of Jo and Mo's Icy Delights Accounting Practice Set, my journal entries match the correct check balances but I can't get the trial balances to match. I don't know what to post to the subsidiary ledgers or the general ledgers to get my trail balances to match the check figures. Could you help me understand what to post to the general ledgers and what to post to the subsidiary ledgers? Each transaction was in one of the five journals (General, Cash payments, Cash receipts, Purchases, or sales) and each transaction should be posted in a ledger I believe. pictures 4-7 are examples of where i need to sort the journal amounts.

CHART OF ACCOUNTS You have established the following chart of accounts for Jo and Mo's lcy Delights. Use These Account Titles For Your Journal Entries. THE ACCOUNTNG CYCLE PREPARE TO JOURNALIZE AND POST TRANSACTIONS As you begin to journalize and post transactions for Jo \& Mo's icy Delights, ensure that you journalize all transactions in the order they are written. This business uses both general and special journals; therefore, every transaction should be recorded in one of five (5) journals: ILLUSTRATION OF THE FIVE TYPES OF JOURNALS ALONG WITH THEIR IIEE Special journals are used to make recording and posting frequently occurring transactions more efficient. They consist of "special" columns labeled with account titles for accounts used in frequently occurring transactions. The Cash Receipts and Cash Payments Joumals include an "Other" column that is used to hold accounts and amounts for items that do not fit in the special columns, When using a special journal, analyze transactions as normal and record the transaction in the appropriate journal as discussed below. Note: record fixed asset purchases in General Journal. Posting from special journals occurs differently from the General Journal, which is posted Immediately into General Ledger accounts. Any amounts affecting a customer, or a creditor/vendor, are posted immediately from the special journal to the appropriate account in the Accounts Receivable, or the Accounts Payable, subsidiary ledger. A "folio" is placed in the Post Reference column of the journal to indicate thil amount has been posted to the customer, or creditor/vendor, account. Any amounts in the "Other" column are posted immediately to the account written in the account title column. The account number is placed in the post reference column to show this amount has been posted. Note, at the end of the accounting period, each special journal column is totaled, and each total is ported to the General Ledger Accounts for special journals in the following orden: 1) Sales, 2) Cash Receipts; 3) Purchases; and 4) Cash Payments. Posting in this order ensures integrity of the "normal balances" in each General Ledger Account: Account numbers are placed in parentheses below the column to indicate that the total has been ported. APPENDICES Before proceeding to the practice set work, refer to the Appendices at the end of this manual. The Appendices includes the financial templates and other relevant documents used to complete the practice set. SCAVENGER HUNT Locate, and complete, the Practice Set Scavenger Hunt from your printed Appendices. Once completed, you wil have gained a solid foundation in the procedures, and functions, inherent in this practice set. Proceed to the next step in the practice set. RECORD KEEPING STEP ONE: MANUAL RECORD KEEPING Use information provided on the following pages to manually complete the record keeping for this practice set. This practice set will require you to use your financial accounting skills to: 1. Analyze each transaction shown below for the month of September 2. Refer to the chart of accounts for the appropriate account titles 3. Use detailed descriptions when recording transactions in journals and ledgers. 4. Leave a space after each entry in General Journal, Cash Receipts Joumal and the Cash Payments Journals 5. Manually record (by hand using #2 lead pencil), and post each transaction in the appropriate journal (special and general); ledger (general and subsidiary); and financial report using the templates found in the Appendices of this manual. WEEK 2 TRANSACTIONS Sep-13 Paid balance owed on accounts payable to Pixley Grocery Store Outlet, Inv. 520 Sep-15 Secured a bank loan to purchase the building and land for $80,000. The building was valued at $65,000 and the land was valued at $15,000. it was financed by making a $20,000 down-payment and obtaining a mortgage for the balance at 5% for 20 years. The company estimates that the building will have a 25 -year useful life and at the end of the 25 years, the building will have a $5,000 residual value. Sep-15 Purchased used delivery van, $20,000 cash. Estimated life for the dellvery van was 6 years with no salvage value. Straight line depreciation was used for recording depreciation. Sep-15 Paid $600 cash for two grand opening advertisements in the local paper at $300 each. One ad will run this week and the other will run the first week of October. Sep-15 collected payment from Faith IGA for Inv. 1, sold Sept 5. Sep-16 Paid cash for semi-monthly payroll (Day 1 through Day 15), $1,808.75 (total payroll, $2,500.00, less deductions: employee income tax, $500.00; social security tax, $155.00; Medicare tax, $36.25 ). Sep-16 Purchased merchandise on account from Super Food Co, for $3,500, Inv. 707 Sep-18 Sales on account to Dee's lce Creams, for $1,750, Inv. 4 . Sep-19 Week 2 (Sept 13-18) cash sales totaled $6,456. General Ledger - Asset Accounts General Ledger - Liability Accounts Accounts Receivable Subsidiary Ledgers Accounts Payables Subsidiary Ledgers GENERAL JOURNAL Q2019by Sintpeil Acceuting Ali Foghts Hesecred. CASH PAYMENTS JOURNAL 02019 ty Srapat Accountre Ad Ryghts Roserved. CASH RECEIPISJOURNAL Page

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