5/11/2019 0 Comments Campus Cycle Shop Trial BalanceAccounting Exam 1 Study Guide. Accounting cycle step 1. Analyze business transactions. Accounting cycle step 2. Prepare an adjusted trial balance. Read Campus Cycle Solution 2004.qrk text version Campus Cycle Solution 2004.qrk 3/16/04 11:39 AM Page 1 SOLUTIONS TO CAMPUS CYCLE SHOP A BUSINESS PAPERS PRACTICE SET FOR USE WITH ACCOUNTING PRINCIPLES 7th Edition ERRY EYGANDT Ph.D., C.P.A. Arthur Anderson Alumni Professor of Accounting University of Wisconsin - Madison Madison, Wisconsin J J. KIESO Ph.D., C.P.A. KPMG Peat Marwick Emeritus Professor of Accountancy Northern Illinois University DeKalb, Illinois AUL IMMEL Ph.D., C.P.A. Associate Professor of Accounting University of Wisconsin - Milwaukee Milwaukee, Wisconsin P D. K JOHN WILEY & SONS, INC. New York Chichester Weinheim Brisbane Singapore Toronto Campus Cycle Solution 2004.qrk 3/16/04 11:39 AM Page 2 COVER PHOTO © James Bareham/Stone To order books or for customer service call 1-800-CALL-WILEY (225-5945) Copyright © 2004 by john Wiley & Sons, inc. Excerpts from this work may be reproduced by instructors for distribution on a not-for-profit basis for testing or instructional purposes only to students enrolled in courses for which the text book has been adopted. Any other reproduction or translation of this work beyond that permitted by sections 107 or 108 of the 1976 United States Copyright Act with out the Permission of the copyright owner is unlawful. Requests for permission or further information should be addressed to the Permissions Department, John Wiley & Sons, Inc., 605 Third Avenue, New York, NY ISBN 0-471-39154-9 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Printed and bound by Odyssey Press, Inc Campus Cycle Solution 2004.qrk 3/16/04 11:39 AM Page 3 TABLE OF CONTENTS Sales Journal............................................................ 1 Purchases Journal........................................................ 1 Cash Receipts Journal..................................................... 2 Cash Payments Journal.................................................... 4 General Journal.......................................................... 6 General Ledgers......................................................... 9 Accounts Receivable Subsidiary Ledger..................................... 16 Accounts Payable Subsidiary Ledger....................................... 18 Continuous Checkbook Balance........................................... 20 Original Deposit Tickets for September..................................... 20 Bank Reconciliation...................................................... 21 Work Sheet............................................................. 22 Accounts Receivable Schedule............................................. 24 Accounts Payable Schedule............................................... 24 Income Statement....................................................... 25 Owner's Equity Statement................................................ 26 Balance Sheet........................................................... 27 Post-Closing Trial Balance................................................ 28 Campus Cycle Solution 2004.qrk 3/16/04 11:39 AM Page 4 Campus Cycle Solution 2004.qrk 3/16/04 11:39 AM Page 1 SALES JOURNAL S5 Cost of Goods Sold Dr. Merchandise Inventory Cr. 1 7 5 0 1 6 1 0 1 6 8 0 1 2 6 0 3 0 1 0 1 9 6 0 3 6 7 5 8 4 0 1 5 2 6 1 1 9 0 1 8 5 0 1 (505)(120) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 PURCHASES JOURNAL P8 Merchandise Inventory Dr. Accounts Payable Cr. 4 5 0 2 2 6 0 3 2 0 0 3 8 0 0 3 5 0 0 6 5 6 0 8 2 5 9 5 0 1 4 0 0 2 0 0 0 7 4 0 2 5 6 8 5 1 2 3 4 5 6 7 8 9 10 11 12 14 15 16 17 18 19 20 1 20xx Date 1 Sept 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1 8 15 18 18 24 24 25 28 28 Account Debited Billy's Bike and Skate Rental State University Cycling Club Normal Park District Twin Cities Bicycle Tours Evergreen Parks and Recreation Twin Cities Bicycle Tours Normal Park District Evergreen Parks and Recreation State University Cycling Club Billy's Bike and Skate Rental Inv.
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