Demo Case Instructions and Information.pdf

Cover Page
         Northwest Vista College
         ACCOUNTING 2301
         San Antonio Home Furnishings Company
         Accounting Records Package
         Prepard by: Date:
            Journal Entries                 Points
                Monthly Entries (10 pts)
                Adjusting Entries (4 pts)
                Closing Entries (5 pts)
            T-Accounts
                Beginning Balances (3 pts)
                Posted Entries (6 pts)
                Totaled Balances (3 pts)
            Adjusted Trial Balance (4 pts)
            Income Statement (4 pts)
            Statement of Retained Earnings (4 pts)
            Balance Sheet (4 pts)
            Post-Closing Trial Balance (3 pts)
                Total Points (50 pts max)
            USE THE TABS BELOW TO MOVE THROUGH THE FILE
Journal
    Journal
    Date    Account Title/Name    Enter "P" when Posted     Debit    Credit
    5/1/19    Supplies    p    400
        Cash    p        400
    3/1/19    Prepaid insurance    p    1800
        Cash    p        1800
    3/2/19    Rent expense    p    700
        Cash    p        700
    2-Mar    Supplies    p    500
        Accounts payable    p        500
    3/3/19    Cash    p    1200
        Accounts receivable    p        1200
    3/4/19    Accounts payable    p    650
        Cash    p        650
    6-Mar    Salary payable    p    50
        Salary expense    p    850
         Cash    p        900
    7-Mar    Cash    p    800
        Unearned revenue    p        800
    8-Mar    Merchandise Inventory    p    12000
        Accounts payable    p        12000
    9-Mar    Merchandise inventory    p    500
        Cash    p        500
    9-Mar    Accounts receivable    p    10900
        Sales revenue    p        10900
    9-Mar    Cost of goods sold    p    6500
        Merchandise Inventory    p        6500
    18-Mar    Cash    p    10682
        Sales discount    p    218
        Accounts receivable    p        10900
    18-Mar    Accounts payable    p    12000
        Inventory    p        120
        Cash    p        11880
    31-Mar    Dividend    p    1500
        Cash    p        1500
    Adjusting
    31-Mar    Supplies expense    p    850
        Supplies     p        850
    31-Mar    Insurance expense    p    75
        Prepaid insurance    p        75
    31-Mar    Depreciation expense    p    1200
        Accumulated depreciation    p        1200
    Closing
        Sales revenue    p    74900
        Income summary    p        74900
        Income Summary    p    56393
         Rent Expense    p        5300
         Salary Expense    p        7050
         Supplies Expense    p        5050
         Depreciation Expense    p        1200
         Insurance...