Selected accounts from the ledgers of Pharoah Company at July 31 showed the following. General Ledger Equipment No. 157 Date Ref. Debit Credit Balance July 1 G1 4,280 4,280 Accounts Payable No. 201 Date Ref. Debit Credit Balance July 1 G1 4,280 4,280 15 G1 385 4,665 18 G1 130 4,535 25 G1 105 4,430 31 P1 9,475 13,905 Inventory No. 120 Date Ref. Debit Credit Balance July 15 G1 385 385 18 G1 130 255 25 G1 105 150 31 P1 9,475 9,625 Accounts Payable Subsidiary Ledger Flaherty Equipment Co. Date Ref. Debit Credit Balance July 1 G1 4,280 4,280 Marsh Co. Date Ref. Debit Credit Balance July 3 P1 2,400 2,400 20 P1 1,760 4,160 Lange Corp. Date Ref. Debit Credit Balance July 17 P1 1,310 1,310 18 G1 130 1,180 29 P1 1,640 2,820 Weller Co. Date Ref. Debit Credit Balance July 14 P1 1,160 1,160 25 G1 105 1,055 Yates Co. Date Ref. Debit Credit Balance July 12 P1 515 515 21 P1 690 1,205 Bernardo Inc. Date Ref. Debit Credit Balance July 15 G1 385 385 Prepare the single-column purchases journal for July. (Post entries in the order of dates.) Purchases Journal P1 Date Account Credited Ref. Inventory Dr. Accounts Payable Cr. choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Marsh Co.Weller Co.Yates Co.Bernardo Inc.Lange Corp.Flaherty Equipment Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Marsh Co.Weller Co.Flaherty Equipment Co.Bernardo Inc.Lange Corp.Yates Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Weller Co.Marsh Co.Flaherty Equipment Co.Yates Co.Bernardo Inc.Lange Corp. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Weller Co.Bernardo Inc.Marsh Co.Lange Corp.Flaherty Equipment Co.Yates Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Yates Co.Weller Co.Lange Corp.Marsh Co.Flaherty Equipment Co.Bernardo Inc. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Flaherty Equipment Co.Bernardo Inc.Weller Co.Lange Corp.Yates Co.Marsh Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Weller Co.Marsh Co.Flaherty Equipment Co.Lange Corp.Yates Co.Bernardo Inc. √ enter a dollar amount enter a total amount 120/201 Prepare the general journal entries for July. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Selected accounts from the ledgers of Pharoah Company at July 31 showed the following. General Ledger Equipment No. 157 Date Ref. Debit Credit Balance July 1 G1 4,280 4,280 Accounts Payable No. 201 Date Ref. Debit Credit Balance July 1 G1 4,280 4,280 15 G1 385 4,665 18 G1 130 4,535 25 G1 105 4,430 31 P1 9,475 13,905 Inventory No. 120 Date Ref. Debit Credit Balance July 15 G1 385 385 18 G1 130 255 25 G1 105 150 31 P1 9,475 9,625 Accounts Payable Subsidiary Ledger Flaherty Equipment Co. Date Ref. Debit Credit Balance July 1 G1 4,280 4,280 Marsh Co. Date Ref. Debit Credit Balance July 3 P1 2,400 2,400 20 P1 1,760 4,160 Lange Corp. Date Ref. Debit Credit Balance July 17 P1 1,310 1,310 18 G1 130 1,180 29 P1 1,640 2,820 Weller Co. Date Ref. Debit Credit Balance July 14 P1 1,160 1,160 25 G1 105 1,055 Yates Co. Date Ref. Debit Credit Balance July 12 P1 515 515 21 P1 690 1,205 Bernardo Inc. Date Ref. Debit Credit Balance July 15 G1 385 385 Prepare the single-column purchases journal for July. (Post entries in the order of dates.) Purchases Journal P1 Date Account Credited Ref. Inventory Dr. Accounts Payable Cr. choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Marsh Co.Weller Co.Yates Co.Bernardo Inc.Lange Corp.Flaherty Equipment Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Marsh Co.Weller Co.Flaherty Equipment Co.Bernardo Inc.Lange Corp.Yates Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Weller Co.Marsh Co.Flaherty Equipment Co.Yates Co.Bernardo Inc.Lange Corp. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Weller Co.Bernardo Inc.Marsh Co.Lange Corp.Flaherty Equipment Co.Yates Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Yates Co.Weller Co.Lange Corp.Marsh Co.Flaherty Equipment Co.Bernardo Inc. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Flaherty Equipment Co.Bernardo Inc.Weller Co.Lange Corp.Yates Co.Marsh Co. √ enter a dollar amount choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31 select an account credited Weller Co.Marsh Co.Flaherty Equipment Co.Lange Corp.Yates Co.Bernardo Inc. √ enter a dollar amount enter a total amount 120/201 Prepare the general journal entries for July. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

Selected accounts from the ledgers of Pharoah Company at July 31 showed the following.

General Ledger
Equipment	No. 157
Date	Ref.	Debit	Credit	Balance
July 1	G1	4,280		4,280
Accounts Payable	No. 201
Date	Ref.	Debit	Credit	Balance
July 1	G1		4,280	4,280
15	G1		385	4,665
18	G1	130		4,535
25	G1	105		4,430
31	P1		9,475	13,905
Inventory	No. 120
Date	Ref.	Debit	Credit	Balance
July 15	G1	385		385
18	G1		130	255
25	G1		105	150
31	P1	9,475		9,625

Accounts Payable Subsidiary Ledger

Flaherty Equipment Co.

Date

Ref.

Debit

Credit

Balance

July 1

4,280

Marsh Co.

Date

Ref.

Debit

Credit

Balance

July 3

2,400

1,760

4,160

Lange Corp.

Date

Ref.

Debit

Credit

Balance

July 17

1,310

130

1,180

1,640

2,820

Weller Co.

Date

Ref.

Debit

Credit

Balance

July 14

1,160

105

1,055

Yates Co.

Date

Ref.

Debit

Credit

Balance

July 12

515

690

1,205

Bernardo Inc.

Date

Ref.

Debit

Credit

Balance

July 15

385

Prepare the single-column purchases journal for July. (Post entries in the order of dates.)

Purchases Journal
			P1
Date	Account Credited	Ref.	Inventory Dr. Accounts Payable Cr.
choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31	select an account credited Marsh Co.Weller Co.Yates Co.Bernardo Inc.Lange Corp.Flaherty Equipment Co.	√	enter a dollar amount
choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31	select an account credited Marsh Co.Weller Co.Flaherty Equipment Co.Bernardo Inc.Lange Corp.Yates Co.	√	enter a dollar amount
choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31	select an account credited Weller Co.Marsh Co.Flaherty Equipment Co.Yates Co.Bernardo Inc.Lange Corp.	√	enter a dollar amount
choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31	select an account credited Weller Co.Bernardo Inc.Marsh Co.Lange Corp.Flaherty Equipment Co.Yates Co.	√	enter a dollar amount
choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31	select an account credited Yates Co.Weller Co.Lange Corp.Marsh Co.Flaherty Equipment Co.Bernardo Inc.	√	enter a dollar amount
choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31	select an account credited Flaherty Equipment Co.Bernardo Inc.Weller Co.Lange Corp.Yates Co.Marsh Co.	√	enter a dollar amount
choose a transaction date July 1July 3July 12July 14July 15July 17July 18July 20July 21July 25July 29July 31	select an account credited Weller Co.Marsh Co.Flaherty Equipment Co.Lange Corp.Yates Co.Bernardo Inc.	√	enter a dollar amount
			enter a total amount
			120/201

Prepare the general journal entries for July. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit

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