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)
Put each transactions on the General Journal, General Ledger, Accounting Stationary (For preparation of Trial Balance, Income Statement, Owner's Equity, and Balance Sheet)
Memo 1 – initial investment in business by Adrian Martinez
South Atlantic Computers invoice 1131 – for purchase of personal computer with editing software and hardware upgrade
Danny’s News Stand – issue check 102 for purchase of all local papers
Coastal Copy Center invoice 602 – for copying of marketing flyers – check 103
Memo 2 – from Danielle Sloane – check 104 issued for one month’s rent on the studio
Miami News Service statement – check 105 issued for advertising
Memo 3 – an additional investment in the business by Adrian Martinez
Surfside Post Office – postage costs for athletic department mailings – issued check 106
Invoice 101 to Nicolas DeCilla for DeCilla/Boles wedding. Receipt 1 from Nicolas DeCilla deposit for the DeCilla/Boles wedding (first of three payments)
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)
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)
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
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
Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.
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