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Account Description Debit Credit

1100 Cash - Operating Account 138,763.85


1110 Cash - Payroll 10.00
1130 Petty Cash -
1200 Accounts Receivable 164,400.00
1205 Allowance for Doubtful Accounts 1,600.00
1230 Interest Receivable -
1240 Notes Receivable 63,051.89
1300 Inventory 82,500.00
1410 Prepaid Insurance 12,660.00
1500 Fixed Assets - Furniture & Fixtures 265,500.00
1505 Accumulated Depreciation-Fixed Assets 34,750.00
2100 Accounts Payable 49,680.00
2150 Federal Withholding Payable -
2160 FICA Payable -
2165 Medicare payable -
2170 FUTA Payable -
2180 TX state SUTA payable -
2190 Interest Payable -
2200 Federal Income Tax Payable -
2220 Current N/P to banks 43,660.19
2700 Notes Payable to Banks 106,375.61
2710 Other Liabilities 75,000.00
3100 Common Stock 5,000.00
3120 Additional Paid-In Capital-Common Stock 495,000.00
3200 Retained Earnings 48,813.56
4100 Sales 563,400.00
4180 Sales Discount 720.00
4190 Sales Returns 3,000.00
4500 Cost of Goods Sold 337,500.00
4700 Shrinkage and Waste -
4800 Freight and Handling 4,725.00
5100 Accounting Fees 38,000.00
5200 Advertising Expense 1,500.00
5300 Bad Debts Expense -
5400 Bank Fees 275.00
5600 Depreciation Expense 45,000.00
5700 Dues & Subscription 550.00
5800 Employee Benefits 125.00
5900 Insurance 1,375.00
6000 Legal Fees 7,600.00
6100 Life Insurance - Administration -
6250 Postage -
6300 Rent Expense 27,000.00
6400 Repairs & Maintenance Expense 1,500.00
6500 Salaries and Wages 198,000.00
6600 Supplies -
6700 Telephone & Utilities 5,830.00
8000 Taxes - Federal Income -
8100 Taxes - FUTA Expense 1,326.00
8200 Taxes - FICA Expense 12,276.00
8250 Taxes - Medicare Expense 3,132.00
8400 Taxes - SUTA Expense 990.00
9000 Interest Expense 5,969.62
9100 Interest Income -
9200 Miscellaneous Income/Expense -
1,423,279.36 1,423,279.36
-
Pre-Adjusted Trial Balance
December 31, 2012
AIS-Project Trial Balance
Account Description Debit Credit
1100 Cash - Operating Account 138,738.85
1110 Cash - Payroll 10.00
1130 Petty Cash -
1200 Accounts Receivable 164,400.00
1205 Allowance for Doubtful Accounts 1,644.00
1230 Interest Receivable -
1240 Notes Receivable 63,322.73
1300 Inventory 81,000.00
1410 Prepaid Insurance 11,605.00
1500 Fixed Assets - Furniture & Fixtures 283,500.00
1505 Accumulated Depreciation-Fixed Assets 34,750.00
2100 Accounts Payable 51,680.00
2150 Federal Withholding Payable -
2160 FICA Payable -
2165 Medicare payable -
2170 FUTA Payable -
2180 TX state SUTA payable -
2190 Interest Payable 6,000.00
2200 Federal Income Tax Payable -
2220 Current N/P to banks 43,660.19
2700 Notes Payable to Banks 106,375.61
2710 Other Liabilities 75,000.00
3100 Common Stock 5,000.00
3120 Additional Paid-In Capital-Common Stock 495,000.00
3200 Retained Earnings 48,813.56
4100 Sales 563,400.00
4180 Sales Discount 720.00
4190 Sales Returns 3,000.00
4500 Cost of Goods Sold 337,500.00
4700 Shrinkage and Waste 1,500.00
4800 Freight and Handling 4,725.00
5100 Accounting Fees 20,000.00
5200 Advertising Expense 3,500.00
5300 Bad Debts Expense 44.00
5400 Bank Fees 300.00
5600 Depreciation Expense 27,000.00
5700 Dues & Subscription 550.00
5800 Employee Benefits 1,500.00
5900 Insurance 640.00
6000 Legal Fees 7,600.00
6100 Life Insurance - Administration 415.00
6250 Postage -
6300 Rent Expense 27,000.00
6400 Repairs & Maintenance Expense 1,500.00
6500 Salaries and Wages 216,000.00
6600 Supplies -
6700 Telephone & Utilities 5,830.00
8000 Taxes - Federal Income -
8100 Taxes - FUTA Expense 210.00
8200 Taxes - FICA Expense 13,392.00
8250 Taxes - Medicare Expense 3,132.00
8400 Taxes - SUTA Expense 990.00
9000 Interest Expense 11,969.62
9100 Interest Income - 270.83
9200 Miscellaneous Income/Expense -
1,431,594.20 1,431,594.19
(0.01)
Trial Balance
December 31, 2012
AIS-Project Trial Balance_Ending
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 351,811.09 351,811.09
12 30 CD 345,275.35 6,535.74
12 30 CR 132,228.11 138,763.85
12 31 2A) Bank fee applied CD 25 138,738.85
12 31 2D) 12/31 Reversal GJ6 1,948.11 136,790.74
12 31 2D) Correct Notes Receivable GJ6 1948.11 138,738.85
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 10.00 10.00
12 30 PR 14,518.00
12 30 CD 14,518.00 10.00
Account not used -
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 160,000.00 160,000.00
12 30 SJ 135,400.00 295,400.00
12 30 CR 131,000.00 164,400.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 1,600.00
12 31 2C) Allowance for Bad Debt GJ6 44.00
Account 1130
Account 1200
Accounts Receivable
Account 1205
Allowance for Doubtful Accounts
Cash - Operating Account
Account 1100
General Ledger
Account 1110
Cash - Payroll
AIS-Project; General Ledger - Students Page 3 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 1 CD 65,000.00 65,000.00
12 31 CR 1,948.11 63,051.89
12 31 2D) 12/31 Reversal GJ7 1,948.11 65,000.00
12 31 2D) Correction Notes Receivable GJ8 1,677.27 63,322.73
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 31,000.00 31,000.00
12 30 SJ 76,000.00
12 30 PJ 127,500.00 82,500.00
12 31 2E) Reduce Inventory I10 GJ7 1,500.00 81,000.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 30 CD 12,660.00 12,660.00
12 31 2F) Expense prepaid insurance GJ8 1,055.00 11,605.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 265,500.00 265,500.00
12 31 2G) Add new asset and reverse accounting fee GJ9 18,000.00 283,500.00
Account 1230
Account 1410
Prepaid Insurance
Account 1500
Fixed Assets - Furniture and Fixtures
Account 1240
Notes Receivable
Account 1300
Inventory
Interest Receivable
AIS-Project; General Ledger - Students Page 4 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 7,750.00
12 30 GJ2 27,000.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 110,000.00
12 30 PR 375.00
12 30 PJ 177,180.00
12 30 CD 237,875.00
12 31 2H) Reverse incorrect Ad Bill GJ11 1,500.00
12 31 2H) Correct Ad Bill GJ11 3,500.00
ACCOUNT NOT ACTIVE
Ref Debit Credit Debit Balance
Dec 1 Balance Forward
12 30 PR 1,730.00
12 30 CD 1,730.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward
12 30 PR 1,116.00
12 30 CD 1,116.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward
12 30 PR 261.00
12 30 CD 261.00
Account 2100
Accounts Payable
Account 2140
Account 2160
FICA Payable
Account 2165
Medicare Payable
Account 1505
Accumulated Depreciation Fixed Assets
Account 2150
Federal Withholding Payable
AIS-Project; General Ledger - Students Page 5 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward
Ref Debit Credit Debit Balance
Dec 1 Balance Forward


Ref Debit Credit Debit Balance
Dec 1 Balance Forward
12 30 2L - To Accrue Expense for Credit Line GJ13 6,000.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward


ACCOUNT NOT IN USE
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 43,660.19


Account 2170
FUTA Payable
Account 2180
TX State SUTA Payable
Account 2190
Interest Payable
Account 2200
Federal Income Tax Payable
Account 2210
Account 2220
Current NP to Banks
AIS-Project; General Ledger - Students Page 6 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 109,567.05
12 30 CD 3,191.44

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 75,000.00


Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 5,000.00


Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 495,000.00


Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 48,813.56


Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 425,000.00
12 30 SJ 138,400.00

Account 3200
Account 2700
Notes Payable to Banks
Account 2710
Other Liabilities
Account 3100
Common Stock
Account 3120
Additional Paid-In Capital - CS
Retained Earnings
Account 4100
Sales
AIS-Project; General Ledger - Students Page 7 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward
12 30 CR 720.00 720.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward
12 30 SJ 3,000.00 3,000.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 261,500.00 261,500.00
12 30 SJ 76,000.00 337,500.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward
12 31 2E) Reduce Inventory I10 GJ7 1,500.00 1,500.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 30 CD 4,725.00 4,725.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 31 PJ 18,000.00 18,000.00
12 31 PJ 20,000.00 38,000.00
12 31 2G) Add new asset and reverse accounting fee GJ9 18,000.00 20,000.00

Account 4500
Cost of Goods Sold
Account 4180
Sales Discount
Account 4190
Sales Returns
Account 4700
Shrinkage and Waste
Account 4800
Freight and Handling
Account 5100
Accounting Fees
AIS-Project; General Ledger - Students Page 8 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 30 PJ 1,500.00 1,500.00
12 31 2H) Reverse incorrect Ad Bill GJ11 1,500.00 -
12 31 2H) Correct Ad Bill GJ11 3,500.00 3,500.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 31 2C) Allowance for Bad Debt GJ6 44.00 44.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 275.00 275.00
12 31 2A) Bank fee applied CD 25.00 300.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 - 0.00
12 30 PR 18,000.00 18,000.00
12 30 GJ2 27,000.00 45,000.00
12 31 2G) Fix salaries and reverse depreciation GJ10 18,000.00 27,000.00
Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 15 PJ 550.00 550.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 - 0.00
12 30 CD 125.00 125.00
12 31 1B-Correct GJ1 GJ3 1,375.00 1,500.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 1,375.00 1,375.00
12 31 1B-Correct GJ1 GJ3 1,375.00 0.00
12 31 2F) Expense prepaid insurance GJ8 640.00 640.00
Account 5200
Advertising Expense
Account 5300
Account 5700
Dues & Subscription
Account 5800
Employee Benefits
Account 5900
Bad Debts Expense
Account 5400
Bank Fees
Account 5600
Depreciation Expense
Insurance
AIS-Project; General Ledger - Students Page 9 of 49

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 30 PJ 7,600.00 7,600.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 31 2F) Expense prepaid insurance GJ8 415.00 415.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 24,750.00 24,750.00
12 30 CD 2,250.00 27,000.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 15 PJ 1,500.00 1,500.00

Repairs & Maintenance Expense
Account 6100
Life Insurance - Administration
Account 6250
Postage
Account 6300
Rent Expense
Account 6400
Account 6000
Legal Fees
AIS-Project; General Ledger - Students Page 10 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 198,000.00 198,000.00
12 31 2G) Fix salaries and reverse depreciation GJ10 18,000.00 216,000.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 5,300.00 5,300.00
12 15 PJ 530.00 5,830.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 210.00 210.00
12 30 CD 1,116.00 1,326.00
12 30 2I) Correct for FICA misposting GJ12 1,116.00 210.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 12,276.00 12,276.00
12 30 2I) Correct for FICA misposting GJ12 1,116.00 13,392.00

Taxes - Federal Income
Account 8100
Taxes - FUTA Expense
Account 8200
Taxes - FICA Expense
Account 6600
Supplies
Account 6700
Telephone & Utilities
Account 8000
Account 6500
Salaries and Wages
AIS-Project; General Ledger - Students Page 11 of 49
Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 2,871.00 2,871.00
12 30 CD 261.00 3,132.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 990.00 990.00

Ref Debit Credit Debit Balance
Dec 1 Balance Forward GJ1 5,522.71 5,522.71
12 30 CD 446.91 5,969.62
12 30 2L - To Accrue Expense for Credit Line GJ13 6,000.00 11,969.62


Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00
12 31 2D) Correction Notes Receivable GJ8 270.83

Ref Debit Credit Debit Balance
Dec 1 Balance Forward 0.00


Account 8250
Taxes - Medicare Expense
Account 8300
Account 8400
Account 9200
Account Not in Use
Miscellaneous Income/Expense
Taxes - SUTA Expense
Account 9000
Interest Expense
Account 9100
Interest Income
AIS-Project; General Ledger - Students Page 12 of 49
Credit Balance
Credit Balance
14,508.00
Credit Balance
Credit Balance
1,600.00
1,644.00 1,644.00
Account 1130
Account 1200
Account 1205
Account 1100
Account 1110
AIS-Project; General Ledger - Students Page 13 of 49
Credit Balance
Credit Balance
Credit Balance
45,000.00
Credit Balance
Credit Balance

Account 1230
Account 1410
Account 1500
Account 1240
Account 1300
AIS-Project; General Ledger - Students Page 14 of 49
Credit Balance
7,750.00
34,750.00
Credit Balance
110,000.00
110,375.00
287,555.00
49,680.00
48,180.00
51,680.00
Credit Balance
0.00
1,730.00
0.00
Credit Balance
0.00
1,116.00
0.00
Credit Balance
0.00
261.00
0.00
Account 2100
Account 2140
Account 2160
Account 2165
Account 1505
Account 2150
AIS-Project; General Ledger - Students Page 15 of 49
Credit Balance
0.00
Credit Balance
0.00


Credit Balance
0.00
6,000.00

Credit Balance
0.00


Credit Balance
43,660.19


Account 2170
Account 2180
Account 2190
Account 2200
Account 2210
Account 2220
AIS-Project; General Ledger - Students Page 16 of 49
Credit Balance
109,567.05
106,375.61

Credit Balance
75,000.00


Credit Balance
5,000.00


Credit Balance
495,000.00


Credit Balance
48,813.56


Credit Balance
425,000.00
563,400.00

Account 3200
Account 2700
Account 2710
Account 3100
Account 3120
Account 4100
AIS-Project; General Ledger - Students Page 17 of 49
Credit Balance


Credit Balance


Credit Balance


Credit Balance


Credit Balance


Credit Balance


Account 4500
Account 4180
Account 4190
Account 4700
Account 4800
Account 5100
AIS-Project; General Ledger - Students Page 18 of 49
Credit Balance

Credit Balance


Credit Balance


Credit Balance


Credit Balance


Credit Balance


Credit Balance
Account 5200
Account 5300
Account 5700
Account 5800
Account 5900
Account 5400
Account 5600
AIS-Project; General Ledger - Students Page 19 of 49

Credit Balance

Credit Balance

Credit Balance

Credit Balance

Credit Balance

Account 6100
Account 6250
Account 6300
Account 6400
Account 6000
AIS-Project; General Ledger - Students Page 20 of 49
Credit Balance

Credit Balance

Credit Balance

Credit Balance

Credit Balance

Credit Balance

Account 8100
Account 8200
Account 6600
Account 6700
Account 8000
Account 6500
AIS-Project; General Ledger - Students Page 21 of 49
Credit Balance

Credit Balance

Credit Balance

Credit Balance
270.83

Credit Balance

Account 8250
Account 8300
Account 8400
Account 9200
Account 9000
Account 9100
AIS-Project; General Ledger - Students Page 22 of 49
GL Acct# Explanation
Posted
Ref Debit Credit
GJ1
1100 Cash - Operating Account 351,811.09
1110 Cash - Payroll 10.00
1200 Accounts Receivable 160,000.00
1205 Allowance for Doubtful Accounts 1,600.00
1300 Inventory 31,000.00
1500 Fixed Assets - Furniture and Fixtures 265,500.00
1505 Accumulated Depreciation-Fixed Assets 7,750.00
2100 Accounts Payable 110,000.00
2220 Current N/P to banks 43,660.19
2700 Notes Payable to Banks 109,567.05
2710 Other Liabilities 75,000.00
3100 Common Stock 5,000.00
3120 Additional Paid-In Capital-Common Stock 495,000.00
3200 Retained Earnings 48,813.56
4100 Sales 425,000.00
4500 Cost of Goods Sold 261,500.00
5400 Bank Fees 275.00
5900 Employee Benefits 1,375.00
6300 Rent Expense 24,750.00
6500 Salaries and Wages 198,000.00
6700 Telephone & Utilities 5,300.00
8100 Taxes - FUTA Expense 210.00
8200 Taxes - FICA Expense 12,276.00
8250 Taxes - Medicare Expense 2,871.00
8400 Taxes - SUTA Expense 990.00
9000 Interest Expense 5,522.71
109,420 1,321,390.80 1,321,390.80

To input beginning balances. Input by GL Clerk
GJ2
12 30 5600 Depreciation Expense 27,000.00
1505 Accumulated Depreciation 27,000.00
27,000.00 27,000.00
7,105
To record 2007 Depreciation Expense per Fixed Asset Subledger
GJ3
12 31 5800 Employee Benefits 1,375.00
5900 Insurance 1,375.00
1B) Correct GJ1 1,375.00 1,375.00
GJ4
12 31 5400 Bank Fees 25.00
1100 Cash-Operating Acct 25.00
2A) Bank fee applied 25.00 25.00
GJ5
12 31 5300 Bad Debt Expense 44.00
1205 Allowance for Doubtful Accounts 44.00
2C) Allowance for Bad Debt 44.00 44.00
GJ6
12 31 1240 Notes Receivable 1948.11
1100 Cash-Operating Account 1948.11
2D) 12/31 Reversal
12 31 1100 Cash-Operating Account 1948.11
1240 Notes Receivable 1677.27
9100 Interest Income 270.83
2D) Correction Notes Receivable 3896.22 3896.21
GJ7
Date
General Journal
Hash
Total
AIS-Project; General Journal Page 23 of 49
GL Acct# Explanation
Posted
Ref Debit Credit Date
General Journal
12 31 4700 Shrinkage and Waste Account 1,500.00
1300 Inventory 1,500.00
2E) Match physical inventory and books 1,500.00 1,500.00
GJ8
12 31 5900 Insurance 640.00
6100 Life Insurance-Admin 415.00
1410 Prepaid Insurance 1,055.00
2F) Expense prepaid insurance 1,055.00 1,055.00
GJ9
12 31 1500 Fixed Assets- Furniture and Fixtures 18,000.00
5100 Accounting Fees 18,000.00
2G) Add new asset and reverse accounting fee 18,000.00 18,000.00
GJ10
12 31 6500 Salaries and Wages 18,000.00
5600 Depreciation Expense 18,000.00
2G) Fix salaries and reverse depreciation 18,000.00 18,000.00
GJ11
12 31 2100 Accounts Payable 1,500.00
5200 Advertising Expense 1,500.00
1,500.00 1,500.00
5200 Adversiting Expense 3,500.00
2100 Accounts Payable 3,500.00
2H) To Reserve and Correct Incorrect Advertising J/E 3,500.00 3,500.00
GJ12
12 31 8200 FICA Expense 1,116.00
8100 FUTA Expense 1,116.00
2I) Correct for FICA misposting 1,116.00 1,116.00
GJ13
12 31 Interest Expense 6000
Interest Payable 6000
2LTo Accure Interest on Credit Line 6,000.00 6,000.00
AIS-Project; General Journal Page 24 of 49
GL Acct# Explanation
Posted
Ref Debit Credit Date
General Journal
AIS-Project; General Journal Page 25 of 49
29,500.00
283,500.00
AIS-Project; General Journal Page 26 of 49
AIS-Project; General Journal Page 27 of 49
AIS-Project; General Journal Page 28 of 49
Account Receivable Subsidiary Ledger
Accounts Receivable Account 1200
C 10
Customer 10 Credit Terms: 2/10, Net 30
Credit Limit: $50,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward (from October) 56,000.00
12 10 CR 25,000.00 31,000.00 -
12 31 2B) Fix Customer 10 SJ 9,400.00 40,400.00
C 20
Customer 20 Credit Terms: 2/10, Net 30
Credit Limit: $60,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward (from November) 47,000.00
12 15 CR 25,000.00 22,000.00
12 28 Inv 1205 SJ 24,000.00 46,000.00
12 30 CM 01 SJ 3,000.00 43,000.00
C 30
Customer 30 Credit Terms: 2/10, Net 30
Credit Limit: $75,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward (from November) 45,000.00
12 3 CR 45,000.00 -
12 5 Inv 1202 SJ 48,000.00 48,000.00
C40
Customer 40 Credit Terms: 3/10, Net 30
Credit Limit: $45,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward (from November) 12,000.00
12 2 Inv 1201 SJ 24,000.00 36,000.00
12 5 CR 36,000.00 -
12 10 Inv 1203 SJ 33,000.00 33,000.00
AIS-Project; Subsidiary Ledger-AR
Inventory Subsidiary Ledger
Inventory Account 1300
I 10
Item 10 Preferred Vendor: Vendor 30
Current Cost: $1,500
Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 6,000.00 4.00 81,000.00
12 3 PJ 15,000.00 21,000.00 10.00 14.00
12 20 SJ 6,000.00 15,000.00 4.00 10.00
12 31 2E) Reduce Inventory GJ7 1,500.00 13,500.00 1 9.00
I 20
Item 20 Preferred Vendor: Vendor 30
Current Cost: $1,500
Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 7,500.00 5.00
12 3 PJ 15,000.00 22,500.00 10.00 15.00
12 10 SJ 18,000.00 4,500.00 12.00 3.00
I 30
Item 30 Preferred Vendor: Vendor 30
Current Cost: $2,000
Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 14,000.00 7.00
12 3 PJ 10,000.00 24,000.00 5.00 12.00
12 28 SJ 12,000.00 12,000.00 6.00 6.00
12 31 2E) Add/Correct SJ 12,000.00 - 6 -
I 40
Item 40 Preferred Vendor: Vendor 30
Current Cost: $3,500
Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 3,500.00 1.00
12 3 PJ 35,000.00 38,500.00 10.00 11.00 75,000.00
12 5 SJ 28,000.00 10,500.00 8.00 3.00
12 6 PJ 52,500.00 63,000.00 15.00 18.00
Stock Item
Quantity
Stock Item
Stock Item
Quantity
Quantity
Stock Item
Quantity
AIS-Project; Subsidiary Ledger-Inventory
Fixed Asset Subsidiary Ledger
Fixed Assets - Furnitures and Fixtures Account 1500
Item 10 F10
Purchase Date: September 1, 2011 Depreciation Method: Straight Line Annual Depreciation 22,500.00 $
Disposal Date: n/a Salvage Value: 20,000.00 $ Useful Life (years) 8
Vendor: Vendor 20 Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 200,000.00 7,500.00 7,500.00
12 30 GJ 22,500.00 30,000.00 34,750.00 ad
283,500.00
Item 20 F20
Purchase Date: December 1, 2011 Depreciation Method: Straight Line Annual Depreciation 3,000.00 $
Disposal Date: n/a Salvage Value: 500.00 $ Useful Life (years) 5
Vendor: Vendor 20 Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 15,500.00 250.00 250.00
12 30 GJ 3,000.00 3,250.00
Item 30 F30
Purchase Date: October 1, 2012 Depreciation Method: Straight Line Annual Depreciation 4,500.00 $
Disposal Date: n/a Salvage Value: 5000 Useful Life (years) 10 Accumulated Depreciation
Vendor: Vendor 20 Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 50,000.00
12 30 GJ 1,125.00 1,125.00
Item 40 F40
Purchase Date: December 1, 2012 Depreciation Method: Straight Line Annual Depreciation 4,500.00 $
Disposal Date: n/a Salvage Value: 0 Useful Life (years) 4 Accumulated Depreciation
Vendor: Vendor 20 Ref Debit Credit Debit Balance Credit Balance Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward
12 30 PJ 18,000.00 18,000.00
12 30 GJ 375.00 375.00
Accumulated Depreciation
Accumulated Depreciation
AIS-Project; Subsidiary Ledger-Fixed Assets
Account Payable Subsidiary Ledger
Accounts Payable Account 2100
V10
Vendor 10 Credit Terms: Net 30 days
Medical Insurance Vendor Credit Limit: $5,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward -
12 30 PR 375.00 375.00
12 30 CD 375.00 -
V20
Vendor 20 Credit Terms: 2/10, Net 30
Fixed Asset Vendor Credit Limit: $150,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward
12 2 PJ 18,000.00 18,000.00
V30
Vendor 30 Credit Terms: 2/10, Net 30
Inventory Vendor Credit Limit: $150,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward 110,000.00
12 1 CD 110,000.00 -
12 3 PJ 75,000.00 75,000.00
12 6 PJ 52,500.00 127,500.00
12 15 CD 127,500.00 -
V40
Vendor 40 Credit Terms: 2/10, Net 30
General Supplies & Misc. Vendors Credit Limit: $75,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward -
12 15 Repair Bill V 810 PJ 1,500.00 1,500.00
12 15 Dues V 907 PJ 550.00 2,050.00
12 30 Advertising Bill VA01 PJ 1,500.00 3,550.00
12 31 2H) Reverse incorrect Ad Bill GJ11 1500 2,050.00
12 31 2H) Correct Ad Bill GJ11 3500 5,550.00
AIS-Project; Subsidiary Ledger-AP Page 32 of 49
Account Payable Subsidiary Ledger
Accounts Payable Account 2100
V50
Vendor 50 Credit Terms: Net 30
Accounting Vendor Credit Limit: $75,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward -
12 30 Accounting Bill V 222 PJ 20,000.00 20,000.00
V60
Vendor 60 Credit Terms: Net 30
Legal Vendor Credit Limit: $75,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward -
12 30 Legal Bill V723 PJ 7,600.00 7,600.00
V70
Vendor 70 Credit Terms: Net 30
Telephone and Utilities Vendor Credit Limit: $75,000
Ref Debit Credit Debit Balance Credit Balance
Dec 1 Balance Forward -
12 15 Utilities Bill V654 PJ 530.00 530.00
AIS-Project; Subsidiary Ledger-AP Page 33 of 49
51,680.00
AIS-Project; Subsidiary Ledger-AP Page 34 of 49
AIS-Project; Subsidiary Ledger-AP Page 35 of 49
Salaries and Wages Subsidiary Ledger
Salaries and Wages Account 6500
Salaried: $3,500 per month; Firm pays 25% of medical insurance P10
W-4 Filed, Married, 0 $236.00 / period 0.062 0.0145 $105/period
Ref Gross Federal W/H Social Security Medicare
Medical
Insurance Net Pay Check #
Dec 1 Balance Forward PR 38,500.00 2,596.00 2,387.00 558.25 1,155.00 31,803.75
12 30 PR 3,500.00 236.00 217.00 50.75 105.00 2,891.25 1045
2011 Total 42,000.00 2,832.00 2,604.00 609.00 1,260.00 34,695.00
Zero Balance Check: 42000-2832-2604-609-1260-34695
Salaried: $4000 per month; Firm pays 25% of medical insurance P20
W-4 Filed, Married, 2 $217.00 / period 0.062 0.0145 $105
Ref Gross Federal W/H Social Security Medicare
Medical
Insurance Net Pay Check #
Dec 1 Balance Forward PR 44,000.00 2,387.00 2,728.00 638.00 1,155.00 37,092.00
12 30 PR 4,000.00 217.00 248.00 58.00 105.00 3,372.00 1046
2011 Total 48,000.00 2,604.00 2,976.00 696.00 1,260.00 40,464.00
Zero Balance Check: +48000-2604-2976-609-1260-40464
Salaried: $5,000 per month; Firm pays 25% of medical insurance P30
W-4 Filed, Single 0 $851.00 / period 0.062 0.0145 $60
Ref Gross Federal W/H Social Security Medicare
Medical
Insurance Net Pay Check #
Dec 1 Balance Forward PR 55,000.00 9,361.00 3,410.00 797.50 660.00 40,771.50
12 30 PR 5,000.00 851.00 310.00 72.50 60.00 3,706.50 1047
2011 Total 60,000.00 10,212.00 3,720.00 870.00 720.00 44,478.00
Zero Balance Check: 60000-10212-3720-870-720-44478
Salaried: $5,500 per month; Firm pays 25% of medical insurance P40
W-4 Filed, Married 4 $426.00 / period 0.062 0.0145 $105
Ref Gross Federal W/H Social Security Medicare
Medical
Insurance Net Pay Check #
Dec 1 Balance Forward PR 60,500.00 4,686.00 3,751.00 877.25 1,155.00 50,030.75
12 30 PR 5,500.00 426.00 341.00 79.75 105.00 4,548.25 1048
2011 Total 66,000.00 5,112.00 4,092.00 957.00 1,260.00 54,579.00
Zero Balance Check: 66000-5122-4092-957-1260-54579
216,000.00 13,392.00 3,132.00
Employee 10
Employee 20
Employee 30
Employee 40
AIS-Project; Subsidiary Ledger - Wages&Sal
Sales Journal
Description
Invoice/
Credit Memo
#
A/R
Subsidiary
Acct
Posted
Ref
Accounts
Receivable Sales Return COGS
Inventory
Subsidiary
Acct
Posted
Ref Inventory Sales
1200 4190 4500 1300 4100
12 2 Customer 40 1201 C40 24,000.00 12,000.00 I30 12,000.00 24,000.00
12 5 Customer 30 1202 C30 48,000.00 28,000.00 I40 28,000.00 48,000.00
12 10 Customer 40 1203 C40 33,000.00 18,000.00 I20 18,000.00 33,000.00
12 20 Customer 10 1204 C10 9,400.00 6,000.00 I10 6,000.00 9,400.00
12 28 Customer 20 1205 C20 24,000.00 12,000.00 I30 12,000.00 24,000.00
12 30 Customer 20 CM01 C20 (3,000.00) 3,000.00
Total 135,400.00 3,000.00 76,000.00 76,000.00 138,400.00

Zero Balance Check:
135,400+3,000-138,400 = 0
76,000-76,000 = 0
CREDIT
Date
DEBIT
AIS-Project; Sales Journal
Cash Receipts Journal
Description Cash Sales Discount
1100 4180
A/R
Subsidiary
Acct Amount
Posted
Ref GL Acct # Amount
Posted
Ref
12 3 Customer 30 45,000.00 C30 45,000.00
12 5 Customer 40 35,280.00 720.00 C40 36,000.00
12 10 Customer 10 25,000.00 C10 25,000.00
12 15 Customer 20 25,000.00 C20 25,000.00
12 31 Note Payment 1,948.11 1240 1,948.11
Total 132,228.11 720.00 131,000.00 1,948.11

Zero Balance Check:
0 = 132,228.11+720-131,000-1948.11
CREDIT
Date
DEBIT
Accounts Receivable 1200 Other Account
AIS-Project; Cash Receipts Journal
Purchases Journal
Vendor
Vendor
Invoice #
Inventory
1300 GL Acct # Amount
Posted
Ref
A/P Subs.
Acct # Amount
Posted
Ref
12 1 Vendor 20 - Fixed Asset V123 1500 18,000.00 V20 18,000.00 l
12 3 Vendor 30 V456 75,000.00 V30 75,000.00 l
10 Units - Item 10, 10 Units - Item 20, 5 Units-Item 30, 10 Units item 40
12 6 Vendor 30 V457 52,500.00 V30 52,500.00 l
15 Units - Item 40
12 15 Repair Bill V810 6400 1,500.00 V40 1,500.00 l
12 15 Dues V907 5700 550.00 V40 550.00 l
12 15 Phone Bill V654 6700 530.00 V70 530.00 l
12 30 Accounting Bill V222 5100 20,000.00 V50 20,000.00 l
12 30 Advertising Bill VA01 5200 1,500.00 V40 1,500.00 *
12 30 Legal Bill V723 6000 7,600.00 V60 7,600.00 l
Total 127,500.00 49,680.00 177,180.00

Zero Balance Check:
0=127,500+49,680-177,180
Date
DEBIT
Other Acct
CREDIT
ACCOUNTS PAYABLE - 2100
AIS-Project; Purchases Journal
Cash Disbursement Journal
CREDIT
Check # Description
Cash
1100
A/P Subs.
Acct # Amount
Posted
Ref GL Acct # Amount
Posted
Ref GL Acct # Amount
Posted
Ref
12 1 2010 Vendor 30 110,000.00 V30 110,000.00
12 1 2011 Loan (Promissory Note) 65,000.00 1240 65,000.00
12 5 2012 Insurance (Life, General) 12,660.00 1410 12,660.00
12 15 2013 Vendor 30 127,500.00 V30 127,500.00
12 30 2014 Freight Bill 4,725.00 4800 4,725.00
12 30 2015 Rent 2,250.00 6300 2,250.00
12 30 n/a Transfer to Payroll 14,518.00 1110 14,518.00
12 30 2016 Federal Withholding 1,730.00 2150 1,730.00
12 30 2017 FICA 2,232.00 2160 1,116.00 8200 1,116.00
12 30 2018 Medicare 522.00 2165 261.00 8250 261.00
12 30 2019 Medical Insurance 500.00 V10 375.00 5800 125.00
12 30 2020 First Bank (Note Payable) 3,638.35 2700 3,191.44 9000 446.91
345,275.35 237,875.00 105,576.44 1,823.91

Zero Balance Check:
0=345,275.35-237,875-105,576.44-1823.91
Date
DEBIT
Other Accounts Other Accounts ACCOUNTS PAYABLE - 2100
AIS-Project; Cash Disbursement Journal
Payroll Journal
DEBIT
Employee
Name
Posted
Ref Gross Pay
Federal
Withholding
FICA
(6.2%)
Medicare
Withheld
(1.45%)
Medical
Insurance
$80 Single
$140 Married
Firm pays 25% Net Pay Check No.
Acct # 6500 2150 2160 2165 2100 1110
EMPLOYEE:
12 30 Employee 10 3,500.00 236.00 217.00 50.75 105.00 2,891.25 1045
12 30 Employee 20 4,000.00 217.00 248.00 58.00 105.00 3,372.00 1046
12 30 Employee 30 5,000.00 851.00 310.00 72.50 60.00 3,706.50 1047
12 30 Employee 40 5,500.00 426.00 341.00 79.75 105.00 4,548.25 1048
Total 18,000.00 1,730.00 1,116.00 261.00 375.00 14,518.00

Zero Balance Check:
Posted to
Subledger V10
0=18,000-1,730-1,116-261-375-14518
216,000.00 13,392.00 3,132.00
Date
CREDIT
AIS-Project; Payroll Journal
Student Company
AR Aging Report
December 31, 2012
Bank
First Bank: Payroll A/C #5551235 Statement General Ledger
Unadjusted Bank Balance, 12/31/12 148,749.74 138,763.85
Add:
Deposit in Transit: 1,948.11
Deduct:
Outstanding Checks:
Check# Amount
2014 4725
2015 2250
2017 2232
2018 522
2019 500
2016 1730
(11,959.00)
Adjustments: (25.00)
Adjusted Balance, 12/31/12 138,738.85 138,738.85
Student Company
AR Aging Report
December 31, 2012
Bank
First Bank: Payroll A/C #5551235 Statement General Ledger
Unadjusted Bank Balance, 12/31/12 4,558.25 10.00
Add:
Deduct:
Outstanding Checks:
Check# Amount
1048 4548.25
(4,548.25)
Adjustments:
Adjusted Balance, 12/31/12 10 10
Student Company
AR Aging Report
December 31, 2012
Student Company
Accounts Receivable Aging Report
December 31, 2012
Customer Total Due 0-30 Days 31-60 Days
Customer 10 40,400.00 $ 9,400.00 $
Customer 20 43,000.00 $ 21,000.00 $ 22,000.00 $
Customer 30 48,000.00 $ 48,000.00 $
Customer 40 33,000.00 $ 33,000.00 $
Total 164,400.00 $ 111,400.00 $ 22,000.00 $
61-90 Days >90 Days
31,000.00 $
31,000.00 $ - $
Student Company
Inventory Reconciliation Report
December 31, 2012
Item QTY COST TOTAL
Item 10 9 1,500.00 $ 13,500.00 $
Item 20 3 1,500.00 $ 4,500.00 $
Item 30 0 2,000.00 $ - $
Item 40 18 3,500.00 $ 63,000.00 $
TOTAL 30 81,000.00 $
Student Company
Fixed Asset Report
December 2012
Item Cost
Accumulated
Depreciation
Item 10 200,000.00 $ 30,000.00
Item 20 15,500.00 3,250.00
Item 30 50,000.00 1,125.00
Item 40 18,000.00 375.00
Total 283,500.00 $ 34,750.00 $
General Ledger Balance A/C 1500 Fixed Assets:
General Ledger Balance A/C 1505 Accumulated Depreciation:
Subsidiary Ledger Agrees w/General Ledger
Accumalted Depreciation - Year to Date
Accumulated Depreciation - Deginning of Year
Difference = Depreciatioin Expense for Year
NBV
170,000.00 $
12,250.00 $
48,875.00 $
17,625.00 $
248,750.00 $
283,500.00 $
34,750.00 $
34,750.00 $
(7,750.00) $
27,000.00 $
Student Company
Accounts Payable Report
December 31, 2012
Accounts Total Due 0-30 Days 31-60 Days 61-90 Days >90 Days
Vendor 20 18,000.00 $ 18,000.00 $
Vendor 40 5,550.00 5,550.00
Vendor 50 20,000.00 20,000.00
Vendor 60 7,600.00 7,600.00
Vendor 70 530.00 530.00
51,680.00 $ 51,680.00 $ - $ - $ - $