Subsidiary Ledgers Practice Set Information Analysis and Reporting

This document presents a practice set focused on subsidiary ledgers, covering accounts receivable and accounts payable. It includes detailed information on various accounts, such as ARC (Accounts Receivable) and APC (Accounts Payable), with specific transactions recorded for each. The provided data includes dates, descriptions of transactions (e.g., repayments, credit sales, sales returns, credit purchases, purchase returns, and dishonored checks), reference codes (e.g., CRJ, SJ, GJ, PJ, CPJ), debits, credits, and calculated balances. The practice set allows for the analysis of how these transactions impact account balances over a specific period, leading to the final adjusted balance for each account. The information provided is crucial for understanding the principles of financial accounting and ledger management.

5/23/2019 Practice set information
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SUBSIDIARY LEDGERS POST ADJUSTING
Account: ARC - Council Records
Account No. 110-1
Date Description Ref. Debit Credit Balance
May 31 Balance 9,240 DR
Jun 11 Repayment CRJ 9,240 0
Jun 30 Adjusted Balance 0
Account: ARC - Obsenity Records
Account No. 110-2
Date Description Ref. Debit Credit Balance
May 31 Balance 5,439 DR
Jun 30 Adjusted Balance 5,439 DR
Account: ARC - Mel O'Dius
Account No. 110-3
Date Description Ref. Debit Credit Balance
May 31 Balance 42,459 DR
Jun 6 Credit sale SJ 6,270 48,729 DR
Jun 9 Sales return GJ 2,508 46,221 DR
Jun 21 Repayment CRJ 46,221 0
Jun 30 Adjusted Balance 0
Account: ARC - KB Lo-Fi
Account No. 110-4
Date Description Ref. Debit Credit Balance
May 31 Balance 6,903 DR
Jun 29 Repayment CRJ 6,903 0
Jun 30 Adjusted Balance 0
Account: ARC - Mira Ball Records
Account No. 110-5
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 17 Credit sale SJ 62,524 62,524 DR
Jun 30 Adjusted Balance 62,524 DR
Account: ARC - D-Funkt Records
Account No. 110-6
Date Description Ref. Debit Credit Balance
May 31 Balance 0

5/23/2019 Practice set information
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Jun 10 Credit sale SJ 58,520 58,520 DR
Jun 16 Repayment CRJ 25,300 33,220 DR
Jun 23 Credit sale SJ 2,464 35,684 DR
Jun 30 Dishonoured cheque CRJ 25,300 60,984 DR
Jun 30 Adjusted Balance 60,984 DR
Account: APC - Pony OMC records
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 6,634 CR
Jun 7 Credit purchase PJ 5,632 12,266 CR
Jun 22 Repayment CPJ 12,266 0
Jun 30 Adjusted Balance 0
Account: APC - Toadstool records
Account No. 210-2
Date Description Ref. Debit Credit Balance
May 31 Balance 18,700 CR
Jun 4 Repayment CPJ 18,700 0
Jun 30 Adjusted Balance 0
Account: APC - UML records
Account No. 210-3
Date Description Ref. Debit Credit Balance
May 31 Balance 43,484 CR
Jun 1 Credit purchase PJ 4,158 47,642 CR
Jun 21 Purchase return GJ 825 46,817 CR
Jun 24 Repayment CPJ 46,817 0
Jun 30 Adjusted Balance 0
Account: APC - Phin records
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 7,700 CR
Jun 4 Repayment CPJ 7,700 0
Jun 29 Credit purchase PJ 6,336 6,336 CR
Jun 30 Adjusted Balance 6,336 CR
Account: APC - Shadow records
Account No. 210-5
Date Description Ref. Debit Credit Balance

5/23/2019 Practice set information
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May 31 Balance 9,500 CR
Jun 12 Repayment CPJ 9,500 0
Jun 30 Adjusted Balance 0
Account: APC - Promiscuous records
Account No. 210-6
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Adjusted Balance 0