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Put each transactions on the General Journal, General Ledger, Accounting Stationary (For preparation of Trial Balance, Income Statement, Owner's Equity, and Balance Sheet)

Put each transactions on the General Journal, General Ledger, Accounting Stationary (For preparation of Trial Balance, Income Statement, Owner's Equity, and Balance Sheet)

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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  1. Memo 1 – initial investment in business by Adrian Martinez
  2. South Atlantic Computers invoice 1131 – for purchase of personal computer with editing software and hardware upgrade
  3. Danny’s News Stand – issue check 102 for purchase of all local papers
  4. Coastal Copy Center invoice 602 – for copying of marketing flyers – check 103
  5. Memo 2 – from Danielle Sloane – check 104 issued for one month’s rent on the studio
  6. Miami News Service statement – check 105 issued for advertising
  7. Memo 3 – an additional investment in the business by Adrian Martinez
  8. Surfside Post Office – postage costs for athletic department mailings – issued check 106
  9. Invoice 101 to Nicolas DeCilla for DeCilla/Boles wedding. Receipt 1 from Nicolas DeCilla deposit for the DeCilla/Boles wedding (first of three payments)
  10. Invoice 102 to Glastre Art Gallery for Opening Video Shoot. Receipt 2 from Glastre Art Gallery – deposit for opening video shoot (first of two payments)
  11. Memo 4 – from Danielle Sloane – weekly cash check

Put each transactions on the General Journal, General Ledger, Accounting Stationary (For preparation of Trial Balance, Income Statement, Owner's Equity, and Balance Sheet)

Week 1, Source Document 1 ACTION VIDEO PRODUCTIONS Memorandum 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 No. 1 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 2, 20- SUBJECT: Business Investment I have invested personal savings of $8,500 in the business by opening a checking account for Action Video Productions at Florida National Bank. Danielle Sloane has entered the $8,500 cash as the beginning balance in the checkbook. Please record the journal entry in the general journal. Week 1, Source Document 2 South Atlantic Computers Received computer package today. Pay $2,100.0o today 6/2/20--. Subsequent payments are as follows: $1,370 due June 28, $1,370 due July 28, balance due August 28. AM INVOICE 323 Via Solana Boulevard North Miami Beach, FL 33162 Date: June 2, 20 -- То Invoice No.: Terms: 90 days Shipped By: Pick-Up 1131 Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Quantity Item Personal computer package (1.0 GHz Processor, keyboard, monitor, mouse, printer and cables) Unit Price $ 2,100.00 Total $ 2,100.00 1 Hard Disk 40GB Drives (included) 2,000.00 2,000.00 Matrix capture card for MPEG 2 compression with editing software package Additional color monitor 1 300.00 300.00 1 Pair computer speakers 60.00 60.00 1 AC stabilizer 150.00 150.00 1 Work table 175.00 175.00 $ 4,785.00 287.10 $5,072.10 SUBTOTAL Issued check #101 for $2,100. - DS 6% Sales Tax ТОTAL Week 1, Source Document 3 Danny's News Stand INVOICE 4338 Collins Avenue Date: June 2, 20 -- Surfside, FL 33154 Invoice No.: 1250 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/2/20-- and charge to Miscellaneous Expense. -AM DATE 6/2/20 -- DESCRIPTION For purchase of 20 different weekly community newspapers CHARGES 20 newspapers, per agreement 6% sales tax $ 20.00 1.20 $ 21.20 TOTAL DUE: Issued check #102 for $21.20. - DS Week 1, Source Document 4 INVOICE Coastal Copy Center 8175 Harding Ave Surfside, FL 33154 Date: June 3, 20 -- Invoice No.: 602 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/3/20-. -AM DATE DESCRIPTION CHARGES 6/3/20 -- For copying of marketing flyers. 100 8x10 color @ 1.35 per copy 500 8x10 b&w @ .07 per copy $ 135.00 35.00 6% sales tax 10.20 TOTAL AMOUNT DUE: $ 180.20 Issued check #103. -DS Week 1, Source Document 5 ACTION VIDEO PRODUCTIONS Memorandum 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 No. 2 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 4, 20- SUBJECT: Rent I issued check #104 payable to Highland Realtors for $975.00. This covers the rent on the studio for the month of June. Please make the necessary journal entry. Week 1, Source Document 6 MIAMI NEWS SERVICE STATEMENT 2232 Drexel Drive Miami Beach, FL 33139 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/4/20--. -AM DATE CHARGES DESCRIPTION For placement of 1-inch ads in monthly marriage announcement sections of 10 weekly community newspapers (June issues). 6/3/20 -- TOTAL AMOUNT DUE: $ 450.00 Issued check#105 for $450.00. - DS Week 1, Source Document 7 Memorandum No. 3 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 5, 20- SUBJECT: Additional Investment I have decided to invest my sports utility vehicle in the business. The current market value is $23,540.00. Please record this transaction in the general journal. 21
Transcribed Image Text:Week 1, Source Document 1 ACTION VIDEO PRODUCTIONS Memorandum 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 No. 1 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 2, 20- SUBJECT: Business Investment I have invested personal savings of $8,500 in the business by opening a checking account for Action Video Productions at Florida National Bank. Danielle Sloane has entered the $8,500 cash as the beginning balance in the checkbook. Please record the journal entry in the general journal. Week 1, Source Document 2 South Atlantic Computers Received computer package today. Pay $2,100.0o today 6/2/20--. Subsequent payments are as follows: $1,370 due June 28, $1,370 due July 28, balance due August 28. AM INVOICE 323 Via Solana Boulevard North Miami Beach, FL 33162 Date: June 2, 20 -- То Invoice No.: Terms: 90 days Shipped By: Pick-Up 1131 Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Quantity Item Personal computer package (1.0 GHz Processor, keyboard, monitor, mouse, printer and cables) Unit Price $ 2,100.00 Total $ 2,100.00 1 Hard Disk 40GB Drives (included) 2,000.00 2,000.00 Matrix capture card for MPEG 2 compression with editing software package Additional color monitor 1 300.00 300.00 1 Pair computer speakers 60.00 60.00 1 AC stabilizer 150.00 150.00 1 Work table 175.00 175.00 $ 4,785.00 287.10 $5,072.10 SUBTOTAL Issued check #101 for $2,100. - DS 6% Sales Tax ТОTAL Week 1, Source Document 3 Danny's News Stand INVOICE 4338 Collins Avenue Date: June 2, 20 -- Surfside, FL 33154 Invoice No.: 1250 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/2/20-- and charge to Miscellaneous Expense. -AM DATE 6/2/20 -- DESCRIPTION For purchase of 20 different weekly community newspapers CHARGES 20 newspapers, per agreement 6% sales tax $ 20.00 1.20 $ 21.20 TOTAL DUE: Issued check #102 for $21.20. - DS Week 1, Source Document 4 INVOICE Coastal Copy Center 8175 Harding Ave Surfside, FL 33154 Date: June 3, 20 -- Invoice No.: 602 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/3/20-. -AM DATE DESCRIPTION CHARGES 6/3/20 -- For copying of marketing flyers. 100 8x10 color @ 1.35 per copy 500 8x10 b&w @ .07 per copy $ 135.00 35.00 6% sales tax 10.20 TOTAL AMOUNT DUE: $ 180.20 Issued check #103. -DS Week 1, Source Document 5 ACTION VIDEO PRODUCTIONS Memorandum 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 No. 2 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 4, 20- SUBJECT: Rent I issued check #104 payable to Highland Realtors for $975.00. This covers the rent on the studio for the month of June. Please make the necessary journal entry. Week 1, Source Document 6 MIAMI NEWS SERVICE STATEMENT 2232 Drexel Drive Miami Beach, FL 33139 BILL TO: Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Write a check today, 6/4/20--. -AM DATE CHARGES DESCRIPTION For placement of 1-inch ads in monthly marriage announcement sections of 10 weekly community newspapers (June issues). 6/3/20 -- TOTAL AMOUNT DUE: $ 450.00 Issued check#105 for $450.00. - DS Week 1, Source Document 7 Memorandum No. 3 ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 TO: Accounting Clerk FROM: Adrian Martinez DATE: June 5, 20- SUBJECT: Additional Investment I have decided to invest my sports utility vehicle in the business. The current market value is $23,540.00. Please record this transaction in the general journal. 21
RECEIPT Surfside Post Office 3341 Coolidge Avenue Surfside, FL 33154 DATE: June 5, 20 – AMOUNT: $28.00 I paid cash for athletic department mailings. Please reimburse me and enter in the general journal. - AM Issued check#106 for $28.00. -DS THANK YOU Week 1, Source Document 9 INVOICE ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 5, 20 -- Invoice No.: S101 SOLD TO: Nicolas DeCilla 1246 Avenida Via Lido Bal Harbor, FL 33139 DATE 6/5/20 -- DESCRIPTION Videography of DeCilla/Boles Wedding CHARGES $ 1,950.00 Payable in three equal installments ACTION VIDEO PRODUCTIONS RECEIPΤ No. 1 Date: June 5, 20 - Received from: Nicolas DeCilla Six hundred fifty and no/100-- $650.00 Dollars For: Deposit for vídeography of DeCilla/Boles wedding Received by: AM Week 1, Source Document 10 ACTION VIDEO PRODUCTIONS INVOICE 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 5, 20 -- Invoice No.: S102 SOLD TO: Glastre Art Gallery 3666 Blanchard Boulevard Coral Gables, FL 33134 DATE DESCRIPTION CHARGES 6/5/20 -- Videography of Glastre Art Gallery grand opening and delivery of unedited digital master DVDS $ 600.00 Payable in two equal installments ACTION VIDEO PRODUCTIONS RECEIPT No. 2 Date: June 5, 20 - Received from: Glastre Art Gallery Three hundred and no/100-- $300.00 Dollars For: Deposit for videography of grand opening of gallery Received by: Adrian Martinez Week 1, Source Document 11 ACTION VIDEO PRODUCTIONS Memorandum No. 4 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 7, 20- SUBJECT: Cash Balance The checkbook balance is $5,695.60. Please verify this balance with the balance in the Cash general ledger account as of 6/7/20--. Week 2, Source Document 12 Tropical Video 3554 Valencia Boulevard INVOICE Fort Lauderdale, FL 33301 Write a check today, June 8, for $1,000. AM Date: June 8, 20 -- To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Invoice No.: 2105 Terms: Net 60 days Shipped By: For Pick-Up Quantity Item Unit Price Total 1 Digital video camera $ 2,100.00 $ 2,100.00 1 DVD recorder 250.00 250.00 4-hour battery belt Tripod digital memory card 1 550.00 550.00 1 200.00 200.00 N/C $ 3,100.00 50.00 SUBTOTAL 6% Sales Tax 186.00 TOTAL $ 3,286.00 POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 2017 2 Cash 110 8 50 000 June Martinez, Capital 5|0lol0 2 310 Memo 1 Beginning Investment 4 4 6 ACCOUNT_Cash ACCOUNT NO._110 POST BALANCE DATE DESCRIPTION DEBIT CREDIT REF. DEBIT CREDIT 2017 2 Cash U1 13 5 o o 00 5 bb bo June ACCOUNT NAME DEBIT CREDIT
Transcribed Image Text:RECEIPT Surfside Post Office 3341 Coolidge Avenue Surfside, FL 33154 DATE: June 5, 20 – AMOUNT: $28.00 I paid cash for athletic department mailings. Please reimburse me and enter in the general journal. - AM Issued check#106 for $28.00. -DS THANK YOU Week 1, Source Document 9 INVOICE ACTION VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 5, 20 -- Invoice No.: S101 SOLD TO: Nicolas DeCilla 1246 Avenida Via Lido Bal Harbor, FL 33139 DATE 6/5/20 -- DESCRIPTION Videography of DeCilla/Boles Wedding CHARGES $ 1,950.00 Payable in three equal installments ACTION VIDEO PRODUCTIONS RECEIPΤ No. 1 Date: June 5, 20 - Received from: Nicolas DeCilla Six hundred fifty and no/100-- $650.00 Dollars For: Deposit for vídeography of DeCilla/Boles wedding Received by: AM Week 1, Source Document 10 ACTION VIDEO PRODUCTIONS INVOICE 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Date: June 5, 20 -- Invoice No.: S102 SOLD TO: Glastre Art Gallery 3666 Blanchard Boulevard Coral Gables, FL 33134 DATE DESCRIPTION CHARGES 6/5/20 -- Videography of Glastre Art Gallery grand opening and delivery of unedited digital master DVDS $ 600.00 Payable in two equal installments ACTION VIDEO PRODUCTIONS RECEIPT No. 2 Date: June 5, 20 - Received from: Glastre Art Gallery Three hundred and no/100-- $300.00 Dollars For: Deposit for videography of grand opening of gallery Received by: Adrian Martinez Week 1, Source Document 11 ACTION VIDEO PRODUCTIONS Memorandum No. 4 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 TO: Accounting Clerk FROM: Danielle Sloane DATE: June 7, 20- SUBJECT: Cash Balance The checkbook balance is $5,695.60. Please verify this balance with the balance in the Cash general ledger account as of 6/7/20--. Week 2, Source Document 12 Tropical Video 3554 Valencia Boulevard INVOICE Fort Lauderdale, FL 33301 Write a check today, June 8, for $1,000. AM Date: June 8, 20 -- To Action Video Productions 2433 Atlantic Ave., Suite 311 Surfside, FL 33154 Invoice No.: 2105 Terms: Net 60 days Shipped By: For Pick-Up Quantity Item Unit Price Total 1 Digital video camera $ 2,100.00 $ 2,100.00 1 DVD recorder 250.00 250.00 4-hour battery belt Tripod digital memory card 1 550.00 550.00 1 200.00 200.00 N/C $ 3,100.00 50.00 SUBTOTAL 6% Sales Tax 186.00 TOTAL $ 3,286.00 POST. DATE DESCRIPTION DEBIT CREDIT REF. 1 2017 2 Cash 110 8 50 000 June Martinez, Capital 5|0lol0 2 310 Memo 1 Beginning Investment 4 4 6 ACCOUNT_Cash ACCOUNT NO._110 POST BALANCE DATE DESCRIPTION DEBIT CREDIT REF. DEBIT CREDIT 2017 2 Cash U1 13 5 o o 00 5 bb bo June ACCOUNT NAME DEBIT CREDIT
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