Shays shoesShanea Hickman

Acounting Period 5a

Shays Shoes

At Shays Shoes we believe that every shoe picks its owner, its our

job to arrange the meeting!!!

Samples on Shoes Sold……

Specaility

All of the

hard to find

sizes and

never run out

until shoe goes

out of style!

Locationlocated at the

coner of

Norwin and

Beet Ave. at

1604 Norwin

Ave. Pinesfeild

Pa. 15236.

Date Acount title

General Accounts Receivable

Sales credit sales tax

Accounts Payable

Purchase debit

cash

Debit credit debit credit debit credit debit credit

Apr. 2 Janea Hickman, Cap 25000 25000

4Shanea Hickman, Cap 25000 25000

5A/P Shoe Warehouse 156 156

7A/R Shoe Galor 2730 2730

8 X 2955 206.85 3161.85

10Shanea Hickman, Draw 800 800

10Janea Hickman, Draw 650

Purchases 650

13Lucys Shoes 5268 368.76 5636.76

16Specailty shoes 1070 1000 70

17A/P Airwalkers 360 360

17 X 595 41.65 636.65

18A/R Pump It Up 947.64 852 95.64

20Guess Shoes 2010 140.7 2150.7

21Janea Hickman, Draw 300 300

22Aldo 2300.5 2150 150.5

22A/P Heel Help 150 150

25Shanea Hickman, Draw 60

26Purchases 60

27A/R Timburland 695.5 650 45.5

28 X 250 17.5 267.5

29A/P Inserts ` 150 150

31DSW Shoe Warhouse 965 67.55 1032.55

31Edy Jones 2140 2000 140

31 X 150 10.5 160.5

Totals 1810 50710 9883.64 18845 1355.15 816 816 63046.51 3830

Journal Entries

Prove for the Debits & Credits

Col. # Column Title Debit Totals Credit Totals

1 General Debit 1810

2 General Credit 50710

3 Accounts Receiable Debit 9883.64

4 Accounts Receivable Credit

5 Sales Credit 18845

6 Sales Tax Payable Credit 1355.15

7 Account Payable Debit

8 Accounts Payable Credit 816

9 Purchases Debit 816

10 Cash Debit 63046.51

11 Cash Credit 3830

Totals $75,556.15 $75,556.15

End of Month Cash Proof

Cash on hand at the beginning of the month ……….. $50,000.00

Plus total cash received during the month ……..……. 63046.51

Equals total …………………………………………….. $113,046.51

Less total cash paid during the month …..…………… $3,830.00

Equals cash balance on hand at end of the month .... $109,216.51

Checkbook balance on the next unused check stub … $109,216.51

Chart Of Accounts  100 (assets) 400 (income statement

account) 110 Cash 410 Income statement 120 Account Receivable 130 Supplies 500 (cost of merchandise) 140 Prepaid Insurance 510 Purchases  

200 (liabilities) 210 Accounts Payable 220 Sales tax Payable   300 (Owners Equity) 310 Shanea Hickman, Capital 320 Shanea Hickman, Drawing 330 Janea Hickman, Capital 340 Janea Hickman, Drawng