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Hi, Can you please help me with my bookkeeping practical test with the attached instructions and input data in the attached journal template
Academy OF LEARNING Exam – 1 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
Basic Bookkeeping – Level 1
F I N A L E X A M
V4.0 CU09-10-OCT09
This examination has two parts: the Practical Exam and the Online Exam. The total
marks available for the Final Exam is 100. Good luck!
Part 1 – Practical Exam
Please complete the Practical Exam questions by showing your entries in the appropriate
Journals, Ledgers, and Trial Balance on the Practical Exam Answer Sheets provided.
The Practical Exam must be completed before beginning the Online Exam. There are a
total of 60 available marks for questions in the Online Exam that are based solely on the
information you will enter on the Practical Exam Answer Sheets.
Once you have completed the Practical Exam Answer Sheets notify your Learning
Coach. Your Learning Coach does not mark the Practical Exam Answer Sheets.
Part 2 – Online Exam
The Online Exam is a computer-based testing program comprised of 50 multiple choice
and/or True or False questions. Your Learning Coach will give you access to the Online
Exam and provide instructions on how to use it.
During the Online Exam, you will select your response to a question from a list of
multiple choice answers, or select a response of True or False. Online Exam questions
are based on information contained in your Student workbook, as well as information you
entered on the Practical Exam Answer Sheets. You will need to refer to your completed
Practical Exam Answer Sheets to respond to some of the Online Exam questions.
Once you have completed the Online Exam, your Final Exam results will be provided, as
well as a summary of suggested study areas for any questions you may have answered
incorrectly.
You must submit the Practical Exam and Practical Exam Answer Sheets to your Learning
Coach upon completion of your Online Exam. Be sure to write your name on page one
of the Answer Sheets before submitting it to your Learning Coach.
Basic Bookkeeping – Level 1
Academy OF LEARNING Exam-2 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
PART 1 – P R A C T I C A L E X A M
✓ The total available number of marks for this section is 60 marks.
Steps
Make all entries in the appropriate Journals, Ledgers, and Trial Balance in the
Practical Exam Answer Sheets provided.
For this examination, you will need a calculator and some blank paper to make
rough calculations of your work.
This exam will test your knowledge on how a manual bookkeeping system works
and how to use Journals, Ledgers, and other reports necessary to produce monthly
financial statements. You will continue with the company, XY Consumer Products,
for the month of March. The necessary Journals, selected General Ledger, Payroll
Ledger, Accounts Receivable Ledger, and Accounts Payable Ledger sheets have
been supplied for you, as well as a partially completed Trial Balance for the month
ended March 31, 2003. Follow the instructions below to complete the Journals,
Ledgers, and Trial Balance at March 31, 2003. (Please note that, because you are
not being provided with a complete set of Accounts Payable and Accounts
Receivable Ledger sheets for the Practical Exam, you will not be able to confirm
that the Ledgers balance with their respective G/L control accounts.)
Final Exam
Academy OF LEARNING Exam-3 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
Steps
1. The following sales on account occurred in March, 2003. Enter this information in
the correct journal.
XY Consumer Products
687 Nottingham Park Drive
London, ON N6A 4V8
Invoice No. 678 Customer No. GH0468
Sold To: Gerald Hemmings Ship To: same
45 Conway Drive
Mount Bridges, ON N0L 1S0 Ship Via: UPS F.O.B.
Date: March 11, 2003 Terms: 2/10 n/30
Ordered Shipped Description Unit Price Amount
3 3 Pentium Notebooks $ 5,000.00 $ 15,000.00
Subtotal $ 15,000.00
PST 1,200.00
GST 1,050.00
Total $ 17,250.00
BN 12123 4698 RT
Basic Bookkeeping – Level 1
Academy OF LEARNING Exam-4 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
Steps
XY Consumer Products
687 Nottingham Park Drive
London, ON N6A 4V8
Invoice No. 679 Customer No. FM4568
Sold To: Fred Milsom Ship To: same
321 Laurentian Cres.
Sarnia, ON N7S 4W4 Ship Via: Purolator F.O.B.
Date: March 12, 2003 Terms: 2/10 n/30
Ordered Shipped Description Unit Price Amount
1 1 UJE Computer $1,380.00 $ 1,380.00
Subtotal $ 1,380.00
PST 110.40
GST 96.60
Total $ 1,587.00
BN 12123 4698 RT
XY Consumer Products
687 Nottingham Park Drive
London, ON N6A 4V8
Invoice No. 680 Customer No. MM0567
Sold To: Mark Mower Ship To: same
67 Dundas Street
London, ON N6H 3Y8 Ship Via: Pick up
Date: March 17, 2003 Terms: 2/10 n/30
Ordered Shipped Description Unit Price Amount
2 2 Cabinet – small $ 159.00 $ 318.00
Subtotal $ 318.00
PST 25.44
GST 22.26
Total $ 365.70
BN 12123 4698 RT
Final Exam
Academy OF LEARNING Exam-5 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
Steps
2. The following purchases on account were made during March, 2003. Enter this
information
in the proper journal.
Note: The first invoice is for the purchase of office supplies. The second invoice is
for products that will be resold by XY Consumer Products and therefore are PST
exempt. Vendor numbers are listed in Step 3.
Office Products Inc.
SOLD TO:
740 Chestnut Street XY Consumer Products
London, ON 687 Nottingham Park Drive
N6A 5C7 London, ON N6A 4V8
Date: 03/04/03 BN 18795 4568 RT
Invoice No. PO 99-29 Terms 2/10 n/30
Customer No. 6789-2
DATE QTY ITEMS PRICE TOTAL
Mar. 03 Office Supplies $ 2,297.54 $ 2,297.54
SUBTOTAL $ 2,297.54
PST 183.80
GST 160.83
TOTAL $ 2,642.17
Basic Bookkeeping – Level 1
Academy OF LEARNING Exam-6 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
Steps
Johnston Computer Supplies BN 15679 8764 RT
SOLD TO:
444 Oxford Road South XY Consumer Products
Delaware, ON 687 Nottingham Park Drive
N0M 2J0 London, ON
N6A 4V8
DATE 03/19/03 TERMS Net 30
INVOICE NO. 662143 CUSTOMER NO. FFG567
DATE QTY ITEMS PRICE TOTAL
Mar. 18 1 Gateway 700X
Computer
$ 2,471.96 $ 2,471.96
1 Gateway Plasma
Display system
$ 3,126.95 $ 3,126.95
SUBTOTAL $ 5,598.91
PST Exempt
GST 391.92
TOTAL $ 5,990.83
3. The following cash disbursements on account were made during March. Enter
these disbursements in the proper journal.
Date
2003
Check
No.
Vendor Name
Vendor
No.
Amount of
Check
Mar. 10 1075 Johnston Computer Supplies JCS001 3,210.00
Mar. 28 1076 Office Products Inc. OPI001 2,318.62
4. The following cash was received during March for invoices from the previous
month. Enter these receipts on account in the proper journal.
Date
2003
Customer Name
Customer
Account Number
Amount of
Cash
Received
Mar. 14 Mark Mower MM0567 396.75
Mar. 25 Gerald Hemmings GH0468 28,750.00
Final Exam
Academy OF LEARNING Exam-7 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
Steps
5. Mark Mower paid Invoice Number 680 on March 26. Enter the receipt on account
in the proper journal.
Note: Be sure to record the Sales Discount.
6. Record the following employees’ salaries in the Payroll Journal and the Payroll
Ledger for the week ended March 7, 2003.
Check
No.
Employee
Ee.
No.
Gross
Pay
FIT PIT CPP EI
Health
Care
P825 Phil Arnett A001 493.24 25.70 10.15 21.08 10.36 12.00
P826 Ken Rino A002 553.00 59.05 22.20 24.04 11.61 12.00
P827 Jean Trickett A003 488.00 46.90 17.50 20.82 10.25 12.00
7. Post the journal entries from steps 1 through 6 to the subsidiary ledgers.
8. Then, pay the employees on March 10, 2003 from the Cash Disbursements Journal.
9. Using March 31, 2003 as the journal entry date, enter the following items in the
General Journal.
Bank charges and
interest
$275.00 bank interest was automatically deducted from
XY Consumer Products’ bank account this month.
Employer’s Payroll
Deductions
Record XY Consumer Products’ share of CPP and EI
deductions based on the payroll in Step 7. (Calculate for
only the one week of salary.)
Calculation Note: EI deductions are multiplied by 1.4
Payment on Bank
Loan
$2,500.00 from outstanding bank loans was
automatically deducted from XY Consumer Products’
bank account this month.
10. Add and balance all the journals.
11. Post the journals to the General Ledger (using March 31 as the entry date).
Note: Only selected accounts from the ledgers are provided for you.
12. Complete the Trial Balance as at March 31, 2003 by filling in the shaded areas on
the Trial Balance in the Answer Sheets section and balance the Trial Balance.
Please check your work carefully. If your Trial Balance does not balance, you have
made an error.
Basic Bookkeeping – Level 1
Academy OF LEARNING Exam-8 BBK99E1/1106
Copyright © 2006 LaunchLife International Inc.
Congratulations! You are now finished Part 1 of the Final Exam. Please make sure you
have answered all the Practical Exam questions. Once you have completed the Practical
Exam, let your Learning Coach know.
You are now ready to begin Part 2 of the Final Exam. Your Learning Coach will provide
you with access to the Online Exam, where you will select answers from a series of
questions based on information in your Student Workbook, as well as information
entered on your Practical Exam Answer Sheets.
Basic Bookkeeping – Level 1
F I N A L E X A M
V4.0 CU07-08-FEB07
PRACTICAL EXAM ANSWER SHEETS
No. of Pages to this Answer Sheet Section:
Total available marks from Practical Exam Questions: 60
The Online Exam is made up of 50 multiple choice and/or True or False questions.
Each question is worth 2 marks. Of the 50 questions, 30 are directly related to the
information you will enter on the Answer Sheets during the Practical portion of the
Final Exam.
Use the following Journals, Ledgers, and Trial Balance sheets for all your entries. Pay
close attention to the highlighted/shaded areas throughout the Answer Sheets because
the Online Exam contains questions related specifically to these highlighted/shaded
areas. All Answer Sheets must be completed prior to beginning the Online Exam.
Follow the instructions in the Final Exam, and remember to check your work carefully.
Basic Bookkeeping – Level 1
A
nsw
er Sheets-2
XY Consumer Products
SALES JOURNAL SJ01
Date Cust. Acc Rec Sales PST GST Pay.
General Ledger
2003 Customer No. Dr. Cr. Cr. Cr. Acc. #
1020 4000 2075 2081
Dr. Cr.
TOTAL
Exam
Answ
er Sheets
A
nsw
er Sheets-3
XY Consumer Products
PURCHASES JOURNAL PJ01
Date
Vendor Acc Pay Purchases GST ITC Travel
& Ent.
Office
Supplies
General Ledger
2003 Vendor No. Cr. Dr. Dr. Dr. Dr. Acc. # Dr. Cr.
2010 5000 2080 6050 6060
TOTAL
Basic Bookkeeping – Level 1
A
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er Sheets-4
XY Consumer Products
CASH DISBURSEMENTS JOURNAL CD01
Date
Bank A/P Purchases Purchase
Discounts
GST
Receiv.
GST
Payable
General
Ledger
2003 Cr. Dr. Dr. Cr. Dr. Cr.
Vendor Name /
Description
Check
No.
Vendor
No.
1010 2010 5000 5020 2080 2081
Acc.
#
Dr. Cr.
TOTAL
Exam
Answ
er Sheets
A
nsw
er Sheets-5
XY Consumer Products
CASH RECEIPTS JOURNAL CR01
Date
Bank A/R Sales PST
Payable
GST
Receiv.
GST
Payable
Sales
Discounts
General
Ledger
2003 Dr. Cr. Cr. Cr. Dr. Cr. Dr. Dr. Cr.
Customer Name /
Description of Receipt
Cust.
No.
1010 1020 4000 2075 2080 2081 4020
Acc.
#
TOTAL
Basic Bookkeeping – Level 1
A
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er Sheets-6
XY Consumer Products
PAYROLL JOURNAL PRJ01
Gross Pay Deductions Net Pay
Salaries
and Wages
Fed.
Inc. Tax
Prov.
Inc. Tax CPP EI Health
Care Total
Payroll
Clearing
Dr. Cr. Cr. Cr. Cr. Cr. Cr. Date
2003 Employee Name Ee.
# 6010 2060 2063 2055 2050 2068 2085
TOTAL
Exam Answer Sheets Answers Sheets-7
XY Consumer Products
PAYROLL LEDGER
Employee: Phil Arnett Address: 26 Baker St. East
EmpNo.
: A001
Phone: (519) 667-3467 London, ON Cl.Code: 6
Start Date: 01/04/95 N6A 4U6 Period: Weekly
SIN: 234 568 458
Pay Ending Deductions
2003 Folio Gross Pay Fed. IT Prov.
IT CPP EI Health
Care Net Pay
XY Consumer Products
PAYROLL LEDGER
Employee: Ken Rino Address: 16 Little Gray St.
EmpNo.
: A002
Phone: (519) 672-8893 London, ON Cl.Code: 1
Start Date: 01/04/95 N6C 5R7 Period: Weekly
SIN: 638 967 348
Pay Ending Deductions
2003 Folio Gross Pay Fed. IT Prov.
IT CPP EI Health
Care Net Pay
XY Consumer Products
PAYROLL LEDGER
Employee: Jean Trickett Address: 1007 Dundas St. E.
EmpNo.
: A003
Phone: (519) 433-1378 London, ON Cl.Code: 2
Start Date: 10/10/99 N6B 4T5 Period: Weekly
SIN: 807 458 236
Pay Ending Deductions
2003 Folio Gross Pay Fed. IT Prov.
IT CPP EI Health
Care Net Pay
Basic Bookkeeping – Level 1
A
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er Sheets-8
XY Consumer Products
GENERAL JOURNAL GJ01
Date General Ledger
2003
Description Acc #
Debit Credit
Mar. 31 Bank Charges & Interest
Mar. 31 Employer’s Payroll Deductions
Mar. 31 Bank Loans
Exam
Answ
er Sheets
A
nsw
ers Sheets-9
XY Consumer Products
GENERAL LEDGER
1010
Bank
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01
Balance forward
Dr. 14,536.00
Jan. 31 CR01 14,200.66 Dr. 28,736.66
Jan. 31 CD03 28,556.73 Dr. 179.93
Feb. 28 CD01 27,279.49 Cr. 27,099.56
Feb. 28 CR01 13,890.00 Cr. 13,209.56
Feb. 28 GJ01 150.00 Cr. 13,359.56
Feb. 28 GJ01 20,000.00 Dr. 6,640.44
Basic Bookkeeping – Level 1
A
nsw
er Sheets-10
XY Consumer Products
GENERAL LEDGER
1020
Accounts Receivable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Dr. 13,890.00
Jan. 25 GJ01 908.50 Dr. 12,981.50
Jan. 31 SJ01 16,331.92 Dr. 29,313.42
Jan. 31 CR01 9,197.32 Dr. 20,116.10
Feb. 28 SJ01 30,733.75 Dr. 50,849.85
Feb. 28 CR01 13,890.00 Dr. 36,959.85
Exam
Answ
er Sheets
A
nsw
ers Sheets-11
XY Consumer Products
GENERAL LEDGER
2010
Accounts Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Cr. 19,961.00
Jan. 23 GJ01 323.55 Cr. 19,637.45
Jan. 31 PJ01 19,829.03 Cr. 39,466.48
Jan. 31 CD03 19,829.03 Cr. 19,637.45
Feb. 28 PJ01 8,560.00 Cr. 28,197.45
Feb. 28 CD01 25,311.00 Cr. 2,886.45
Basic Bookkeeping – Level 1
A
nsw
er Sheets-12
XY Consumer Products
GENERAL LEDGER
2050
Employment Insurance Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Cr. 500.00
Jan. 31 GJ02 88.09 Cr. 588.09
Jan. 31 CD03 500.00 Cr. 88.09
Jan. 31 PRJ01 62.92 Cr. 151.01
Feb. 28 CD01 151.01 –
Feb. 28 PRJ01 30.90 Cr. 30.90
Feb. 28 GJ01 43.26 Cr. 74.16
Exam
Answ
er Sheets
A
nsw
ers Sheets-13
XY Consumer Products
GENERAL LEDGER
2055
CPP Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Cr. 618.00
Jan. 31 GJ02 128.30 Cr. 746.30
Jan. 31 CD03 618.00 Cr. 128.30
Jan. 31 PRJ01 128.30 Cr. 256.60
Feb. 28 CD01 256.60 –
Feb. 28 PRJ01 62.82 Cr. 62.82
Feb. 28 GJ01 62.82 Cr. 125.64
Basic Bookkeeping – Level 1
A
nsw
er Sheets-14
XY Consumer Products
GENERAL LEDGER
2060
Employees Federal Income Tax Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Cr. 3,560.00
Jan. 31 CD03 3,560.00 –
Jan. 31 PRJ01 255.25 Cr. 255.25
Feb. 28 CD01 255.25 –
Feb. 28 PRJ01 122.15 Cr. 122.15
Exam
Answ
er Sheets
A
nsw
ers Sheets-15
XY Consumer Products
GENERAL LEDGER
2063
Employees Provincial Income Tax Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Cr. 1,530.00
Jan. 31 CD03 1,530.00 –
Jan. 31 PRJ01 96.60 Cr. 96.60
Feb. 28 CD01 96.60 –
Feb. 28 PRJ01 46.35 Cr. 46.35
Basic Bookkeeping – Level 1
A
nsw
er Sheets-16
XY Consumer Products
GENERAL LEDGER
2068
Employees Health Care Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Cr. 144.00
Jan. 31 CD03 144.00 –
Jan. 31 PRJ01 36.00 Cr. 36.00
Feb. 28 CD01 36.00 –
Feb. 28 PRJ01 36.00 Cr. 36.00
Exam
Answ
er Sheets
A
nsw
ers Sheets-17
XY Consumer Products
GENERAL LEDGER
2075
Provincial Sales Tax Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 25 GJ01 63.20 Dr. 63.20
Jan. 31 SJ01 1,136.13 Cr. 1,072.93
Jan. 31 CR01 1.60 Cr. 1,074.53
Feb. 28 SJ01 2,138.00 Cr. 3,212.53
Basic Bookkeeping – Level 1
A
nsw
er Sheets-18
XY Consumer Products
GENERAL LEDGER
2080
GST Input Tax Credits Receivable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 23 GJ01 21.17 Cr. 21.17
Jan. 31 PJ01 1,269.46 Dr. 1,248.29
Jan. 31 CD03 3.22 Dr. 1,251.51
Feb. 28 PJ01 560.00 Dr. 1,811.51
Exam
Answ
er Sheets
A
nsw
ers Sheets-19
XY Consumer Products
GENERAL LEDGER
2081
GST Payable
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 25 GJ01 55.30 Dr. 55.30
Jan. 31 SJ01 994.12 Cr. 938.82
Jan. 31 CR01 1.40 Cr. 940.22
Feb. 28 SJ01 1,870.75 Cr. 2,810.97
Basic Bookkeeping – Level 1
A
nsw
er Sheets-20
XY Consumer Products
GENERAL LEDGER
2085
Payroll Clearing
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Feb. 28 CD01 413.95 Dr. 413.95
Feb. 28 CD01 378.54 Dr. 792.49
Feb. 28 CD01 380.53 Dr. 1,173.02
Feb. 28 PRJ01 1,173.02 –
Exam
Answ
er Sheets
A
nsw
ers Sheets-21
XY Consumer Products
GENERAL LEDGER
2120
Bank Loans
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Jan. 01 Balance forward Cr. 12,000.00
Feb. 28 20,000.00 Cr. 32,000.00
Basic Bookkeeping – Level 1
A
nsw
er Sheets-22
XY Consumer Products
GENERAL LEDGER
4000
Sales
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
XY Consumer Products
GENERAL LEDGER
4020
Sales Discounts
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Exam
Answ
er Sheets
A
nsw
ers Sheets-23
XY Consumer Products
GENERAL LEDGER
5000
Purchases
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
XY Consumer Products
GENERAL LEDGER
6010
Salaries and Wages
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Basic Bookkeeping – Level 1
A
nsw
er Sheets-24
XY Consumer Products
GENERAL LEDGER
6020
Employer’s Payroll Deductions
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
XY Consumer Products
GENERAL LEDGER
6060
Office Supplies
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Exam
Answ
er Sheets
A
nsw
ers Sheets-25
XY Consumer Products
GENERAL LEDGER
6070
Bank Charges & Interest
Date
2003 Item Folio Debit Credit Dr.
Cr. Balance
Basic Bookkeeping – Level 1 Answer Sheets-26
XY Consumer Products
ACCOUNTS PAYABLE LEDGER
Vendor: Johnston Computer
Supplies Address: Vend. #: JCS001
Phone: (519) 674-2355 Terms: n/30
Fax: (519) 674-2356
444 Oxford Road South
Delaware, ON
N0M 2J0
Date
2003 Item Folio Debit Credit Dr
Cr. Balance
Jan. 01 Balance forward Cr. 11,569.00
Jan. 12 PJ01 2,645.00 Cr. 14,214.00
Jan. 24 CD01 2,645.00 Cr. 11,569.00
Feb. 02 PJ01 3,210.00 Cr. 14,779.00
Feb. 25 CD01 11,569.00 Cr. 3,210.00
Exam Answer Sheets Answer Sheets-27
XY Consumer Products
ACCOUNTS PAYABLE LEDGER
Vendor: Office Products
Inc. Address: Vend. #: OPI001
Phone: (519) 426-5533 Terms: 2/10 n/30
Fax: (519) 426-5534
740 Chestnut Street
London, ON
N6A 5C7
Date
2003 Item Folio Debit Credit Dr
Cr. Balance
Jan. 10 PJ01 6,103.01 Cr. 6,103.01
Jan. 17 PJ01 4,146.13 Cr. 10,249.14
Jan. 24 CD01 6,103.01 Cr. 4,146.13
Jan. 24 CD01 4,146.13 –
Jan. 23 GJ01 323.55 Dr. 323.55
Feb. 02 PJ01 5,350.00 Cr. 5,026.45
Feb. 21 CD01 5,350.00 Dr. 323.55
Basic Bookkeeping – Level 1 Answer Sheets-28
XY Consumer Products
ACCOUNTS RECEIVABLE LEDGER
Customer: Gerald Hemmings Address: 45 Conway Drive
Cust.
No.: GH0468
Phone: (519) 264-1784 Mount Bridges, ON Terms: 2/10 n/30
Fax: (519) 264-1785 N0L 1S0
Date
2003 Item Folio Debit Credit Dr
Cr. Balance
Jan. 01 Balance forward Dr. 8,322.00
Jan. 12 SJ01 483.00 Dr. 8,805.00
Jan. 24 CR01 483.00 Dr. 8,322.00
Feb. 11 SJ01 28,750.00 Dr. 37,072.00
Feb. 21 CR01 8,322.00 Dr. 28,750.00
Exam Answer Sheets Answer Sheets-29
XY Consumer Products
ACCOUNTS RECEIVABLE LEDGER
Customer: Fred Milsom Address: 321 Laurentian Cres.
Cust.
No.: FM4568
Phone: (519) 542-4153 Sarnia, ON Terms: 2/10 n/30
Fax: (519) 542-4154 N7S 4W4
Date
2003 Item Folio Debit Credit Dr
Cr. Balance
Jan. 17 SJ01 3,449.99 Dr. 3,449.99
Jan. 28 CR01 3,449.99 –
XY Consumer Products
ACCOUNTS RECEIVABLE LEDGER
Customer: Mark Mower Address: 67 Dundas Street
Cust.
No.: MM0567
Phone: (519) 433-2356 London, ON Terms: 2/10 n/30
Fax: (519) 433-2357 N6H 3Y8
Date
2003 Item Folio Debit Credit Dr
Cr. Balance
Jan. 13 SJ01 333.49 Dr. 333.49
Jan. 21 CR01 333.49 –
Feb. 14 SJ01 396.75 Dr. 396.75
Basic Bookkeeping – Level 1 Answer Sheets-30
XY Consumer Products
TRIAL BALANCE, MARCH 31, 2003
GENERAL LEDGER
Page 1
Account Name G/L Account
Number Debit Credit
Bank 1010
Accounts Receivable 1020
Inventory 1030 128,178.00
Prepaid Expenses 1040 3,164.24
Land 1110 245,000.00
Buildings 1115 150,000.00
Accumulated Depreciation-Buildings 1116 50,625.00
Equipment 1117 180,956.00
Accumulated Depreciation-Equipment 1118 42,349.26
Automotive 1130 23,900.00
Accumulated Depreciation-Automotive 1131 12,344.30
Accounts Payable 2010
Accrued Expenses 2020 1,960.00
Employment Insurance Payable 2050
CPP Payable 2055
Employees Federal Income Tax Payable 2060
Employees Provincial Income Tax
Payable 2063
Employees Health Care Payable 2068
Balance forward
Exam Answer Sheets Answer Sheets-31
XY Consumer Products
TRIAL BALANCE, MARCH 31, 2003
GENERAL LEDGER
Page 2
Account Name G/L Account
Number Debit Credit
Balance forward
Provincial Sales Tax Payable 2075
GST Input Tax Credits Receivable 2080
GST Payable 2081
Payroll Clearing 2085 –
Mortgages 2110 165,000.00
Bank Loans 2120
Jeff Smith, Capital 3010 463,017.23
Jeff Smith, Drawings 3020 –
Sales 4000
Sales Returns & Allowances 4010 –
Sales Discounts 4020
Interest Revenue 4100 –
Purchases 5000
Purchase Returns & Allowances 5010 –
Purchase Discounts 5020 –
Salaries and Wages 6010
Employer’s Payroll Deductions 6020
Rent 6030 –
Balance forward
Basic Bookkeeping – Level 1 Answer Sheets-32
XY Consumer Products
TRIAL BALANCE, MARCH 31, 2003
GENERAL LEDGER
Page 3
Account Name G/L Account
Number Debit Credit
Balance forward
Repairs & Maintenance 6040 –
Utilities 6045 –
Travel & Entertainment 6050 –
Office Supplies 6060
Leases-Equipment 6065 –
Bank Charges & Interest 6070
Professional Fees 6080 –
Depreciation 6090 –
Property Taxes 6100 –
Insurance 6110 –
Fees & Dues 6120 –
TOTAL
-
Name:
- Date 2003
- Row1:
- CustomerRow1:
- Cust NoRow1:
- Date 2003
- Row2:
- CustomerRow2:
- Cust NoRow2:
- Date 2003
- Row3:
- CustomerRow3:
- Cust NoRow3:
- Date 2003
- Row1_2:
- VendorRow1:
- Vendor NoRow1:
- Date 2003Row2_2:
- VendorRow2:
- Vendor NoRow2:
- Date 2003Row1_3:
- Vendor Name DescriptionRow1:
- Check NoRow1:
- Vendor NoRow1_2:
- Date 2003Row2_3:
- Vendor Name DescriptionRow2:
- Check NoRow2:
- Vendor NoRow2_2:
- Date 2003Row3_3:
- Vendor Name DescriptionRow3:
- Check NoRow3:
- Acc Row3_3:
- DrRow3_3:
- Date 2003Row4_3:
- Vendor Name DescriptionRow4:
- Check NoRow4:
- Acc Row4_3:
- DrRow4_3:
- Date 2003Row5_3:
- Vendor Name DescriptionRow5:
- Check NoRow5:
- Acc Row5_3:
- DrRow5_3:
- Date 2003Row10:
- DrTOTAL_3:
- Date 2003Row1_4:
- Customer Name Description of ReceiptRow1:
- Cust NoRow1_2:
- Date 2003Row2_4:
- Customer Name Description of ReceiptRow2:
- Cust NoRow2_2:
- Date 2003Row3_4:
- Customer Name Description of ReceiptRow3:
- Cust NoRow3_2:
- Date 2003Row1_5:
- Employee NameRow1:
- Ee Row1:
- Date 2003Row2_5:
- Employee NameRow2:
- Ee Row2:
- Date 2003Row3_5:
- Employee NameRow3:
- Ee Row3:
- TOTAL:
- Pay Ending 2003Row1:
- FolioRow1:
- Gross PayRow1:
- Fed ITRow1:
- Prov ITRow1:
- CPPRow1:
- EIRow1:
- Health CareRow1:
- Net PayRow1:
- Pay Ending 2003Row1_2:
- FolioRow1_2:
- Gross PayRow1_2:
- Fed ITRow1_2:
- Prov ITRow1_2:
- CPPRow1_2:
- EIRow1_2:
- Health CareRow1_2:
- Net PayRow1_2:
- Pay Ending 2003Row1_3:
- FolioRow1_3:
- Gross PayRow1_3:
- Fed ITRow1_3:
- Prov ITRow1_3:
- CPPRow1_3:
- EIRow1_3:
- Health CareRow1_3:
- Net PayRow1_3:
- Acc Bank Charges Interest:
- Mar 31Row1:
- Bank Charges InterestRow1:
- Acc Row2_5:
- Bank Charges InterestRow2:
- Acc Row3_5:
- Acc Employers Payroll Deductions:
- Mar 31Row1_2:
- Employers Payroll DeductionsRow1:
- Acc Row6_3:
- Mar 31Row2_2:
- Employers Payroll DeductionsRow2:
- Acc Row7_3:
- Mar 31Row3_2:
- Employers Payroll DeductionsRow3:
- Acc Row8_2:
- Acc Bank Loans:
- Mar 31Row1_3:
- Bank LoansRow1:
- Acc Row11:
- Mar 31Row2_3:
- Bank LoansRow2:
- Acc Row12:
- Feb 28Row1:
- GJ01Row1:
- 15000Row2:
- DrRow1_5:
- 664044Row1:
- Feb 28Row2:
- GJ01Row2:
- 2000000Row2:
- DrRow2_5:
- 664044Row2:
- Feb 28Row3:
- GJ01Row3:
- 15000Row4:
- DrRow3_5:
- 664044Row3:
- Feb 28Row4:
- GJ01Row4:
- 15000Row5:
- DrRow4_5:
- 664044Row4:
- Feb 28Row1_2:
- CR01Row1:
- 3073375Row2:
- DrRow1_6:
- 3695985Row1:
- Feb 28Row2_2:
- CR01Row2:
- 1389000Row2:
- DrRow2_6:
- 3695985Row2:
- Feb 28Row1_3:
- CD01Row1:
- 856000Row2:
- CrRow1_5:
- 288645Row1:
- Feb 28Row2_3:
- CD01Row2:
- 2531100Row2:
- CrRow2_5:
- 288645Row2:
- Feb 28Row1_4:
- GJ01Row1_2:
- 4326Row1:
- CrRow1_6:
- 7416Row1:
- Feb 28Row2_4:
- GJ01Row2_2:
- 4326Row2:
- CrRow2_6:
- 7416Row2:
- Feb 28Row1_5:
- GJ01Row1_3:
- 6282Row1:
- CrRow1_7:
- 12564Row1:
- Feb 28Row2_5:
- GJ01Row2_3:
- 6282Row2:
- CrRow2_7:
- 12564Row2:
- Feb 28Row1_6:
- PRJ01Row1:
- 12215Row1:
- CrRow1_8:
- 12215Row1_2:
- Feb 28Row1_7:
- PRJ01Row1_2:
- 4635Row1:
- CrRow1_9:
- 4635Row1_2:
- Feb 28Row1_8:
- PRJ01Row1_3:
- 3600Row1:
- CrRow1_10:
- 3600Row1_2:
- Feb 28Row1_9:
- SJ01Row1:
- 213800Row1:
- CrRow1_11:
- Feb 28Row1_10:
- PJ01Row1:
- 56000Row1:
- DrRow1_7:
- 181151Row1:
- Feb 28Row1_11:
- SJ01Row1_2:
- 187075Row1:
- CrRow1_12:
- 281097Row1:
- Feb 28Row1_12:
- PRJ01Row1_4:
- 38053Row2:
- DrRow2_8:
- Feb 28Row2_12:
- PRJ01Row2_4:
- 38053Row3:
- DrRow3_8:
- Feb 28Row3_9:
- PRJ01Row3:
- 38053Row4:
- DrRow4_8:
- Feb 28Row4_9:
- PRJ01Row4:
- 117302Row4:
- FolioFeb 28:
- Feb 28Row1_13:
- FolioRow3:
- DebitRow3:
- CrRow1_13:
- 3200000Row1:
- Date 2003Row1_6:
- FolioRow1_4:
- CreditRow1:
- Dr CrRow1:
- BalanceRow1:
- Date 2003Row1_7:
- FolioRow1_5:
- DebitRow1_2:
- Dr CrRow1_2:
- BalanceRow1_2:
- Date 2003Row1_8:
- FolioRow1_6:
- DebitRow1_3:
- Dr CrRow1_3:
- BalanceRow1_3:
- Date 2003Row1_9:
- FolioRow1_7:
- DebitRow1_4:
- Dr CrRow1_4:
- BalanceRow1_4:
- Date 2003Row1_10:
- FolioRow1_8:
- DebitRow1_5:
- Dr CrRow1_5:
- BalanceRow1_5:
- Date 2003Row1_11:
- FolioRow1_9:
- DebitRow1_6:
- Dr CrRow1_6:
- BalanceRow1_6:
- Date 2003Row1_12:
- FolioRow1_10:
- DebitRow1_7:
- Dr CrRow1_7:
- BalanceRow1_7:
- Feb 25Row1:
- CD01Row1_2:
- 1156900Row1:
- Feb 25Row2:
- CD01Row2_2:
- 321000Row3:
- CrRow2_14:
- 321000Row2_2:
- Feb 21Row1:
- CD01Row1_3:
- 535000Row2:
- DrRow1_8:
- 32355Row1:
- Feb 21Row2:
- CD01Row2_3:
- 535000Row2_2:
- Feb 21Row1_2:
- CR01Row1_2:
- 2875000Row2:
- DrRow1_9:
- 2875000Row1:
- Feb 21Row2_2:
- CR01Row2_2:
- 832200Row2:
- DrRow2_10:
- 2875000Row2_2:
- Jan 28Row1:
- CR01Row1_3:
- 344999Row2:
- DrRow2_11:
- Feb 14Row1:
- SJ01Row1_3:
- 39675Row1:
- DrRow1_10:
- 39675Row1_2:
- Feb 14Row2:
- SJ01Row2_3:
- 33349Row3:
- DrRow2_12:
- 39675Row2_2:
- Feb 14Row3:
- SJ01Row3_3:
- 33349Row4:
- Debit1020:
- 12344302010:
- 1960002050:
- 1960002055:
- 1960002060:
- 1960002063:
- 1960002068:
- 2390000Balance forward:
- 196000Balance forward:
- CreditBalance forward_10:
- Credit2075:
- Debit2080:
- Credit2081:
- 165000002120:
- 4000:
- 4020:
- 5000:
- 6010:
- 6020:
- 6060:
- 6070:
- TOTAL_2:
- CreditTOTAL:
- Text1:
- Text2:
- Text3:
- Text6:
- Text17:
- Text19:
- Text21:
- Text22:
- Text23:
- Text25:
- Text26:
- Text27:
- Text28:
- Text29:
- Text30:
- Text31:
- Text32:
- Text33:
- Text34:
- Text35:
- Text36:
- Text37:
- Text38:
- Text39:
- Text40:
- Text41:
- Text42:
- Text43:
- Text44:
- Text45:
- Text46:
- Text47:
- Text48:
- Text49:
- Text50:
- Text51:
- Text52:
- Text53:
- Text54:
- Text55:
- Text56:
- Text57:
- Text58:
- Text59:
- Text60:
- Text61:
- Text62:
- Text63:
- Text64:
- Text65:
- Text66:
- Text67:
- Text68:
- Text69:
- Text70:
- Text71:
- Text72:
- Text73:
- Text74:
- Text75:
- Text76:
- Text77:
- Text78:
- Text79:
- Text80:
- Text81:
- Text82:
- Text83:
- Text84:
- Text85:
- Text86:
- Text87:
- Debit1010:
- DebitBalance forward_10:
- Balance forward_3:
- Balance forward_4:
- Text88:
- Text7:
- Text8:
- Text9:
- Text10:
- Text11:
- Text12:
- Text13:
- Text14:
- Text15:
- Text18:
- Text24:
- Text89:
- Text90:
- Text91:
- Text92:
- Text93:
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- Text95:
- Text96:
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- Text98:
- Text99:
- Text100:
- Text101:
- Text103:
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- Text105:
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- Text110:
- Text112:
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- Text114:
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- Text115:
- Text116:
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- Text118:
- Text119:
- Text120:
- Text121:
- Text122:
- Text123:
- Text124:
- Text125:
- Text126:
- Text127:
- Text128:
- Text129:
- Text130:
- Text131:
- Text132:
- Text133:
- Text134:
- Text135:
- Text136:
- Text137:
- Text138:
- Text139:
- Text140:
- Text141:
- Text142:
- Text143:
- Text144:
- Text145:
- Text146:
- Text147:
- Text148:
- Text149:
- Text150:
- Text151:
- Text152:
- Text153:
- Text154:
- Text155:
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- Text157:
- Text158:
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- Text160:
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- Text162:
- Text163:
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- Text165:
- Text166:
- Text167:
- Text168:
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- Text170:
- Text171:
- Text172:
- Text173:
- Text174:
- Text175:
- Text176:
- Text177:
- Text178:
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- Text180:
- Text181:
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- Text183:
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- Text187:
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- Text218:
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- Text233:
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- Text102:
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- Text263:
- Text264:
- Text265:
- Text266:
- Text267:
- Text268:
- Text269:
- Text11_:
- Text12_:
- Text18_:
- Tex17_:
- Text13_:
- Text14_:
- Text15_:
- Text4_:
- Text5_:
- Text16_:
- Text20_:
- Text16_1:
- Text53_:
Student Number:
Location:
Date:
Row1:
Row2:
Row3:
Row1_2:
