acct 1001 practice set (2 Viewers)

[aditya]

could someone do me a massive favour?! PLEASE!!!


im out on my UNADJUSTED trial balance.... firsrtly.. they dunt even balance... secondly im out on ur figures by like.... 60 bucks :|

could someone please post up their a/c rec, a/c payable, cash at bank, purchase discounts, purchase returns, sales revenue and inventory accont balances for the UNADJUSTED trial balance?!


PLEASE!!

i got 1,308,192 and for credits 1,307,392 :|

so yeh u can understand my pain.... PLEASE HELP!!!

 

[absolution*]

unadjusted balances starting from the top of the workseet (cash at bank) down to the bottom bad debts expense. both drs and crs included.

67693
27030
3400
315870
36000
44200
11100
2525
24030
20000
40000
125000
141340
20000
943470
10479
12140
609840
5247
6640
3240
37440
10000
8000
9590
400
3120
7450
590
70670

total 1308252

 

[absolution*]

if someone could post adjusted totals in a similar fashion that would be appreciated.

 

[aditya]

i love u man.. trully...

 

[aditya]

i got 73215 fir adjustments :S

could someone please post up their answers so we can compare... i got 84 in accounting mid semester :$ if that helps :$

ok scratch that seems that sales saleries is 617 not 720 (hehe did it quickly) so i got 73112.. i seem to recall someone saying they got 71112... i think they stuffed up the insurance aye? cuz its 4000 not 2000...

post em up regardless so we can discuss them yeh?

cheers

 

[launcher169]

aaaah this practise set really sucks ##### dont you all agree???

 

[aditya]

or also i just realised it could be the store supplies thing they got wrong :S or i got wrong :S (mine doesnt seem wrong but regardless..yeh)

i got 2700 debit to supplies exp and 2700 credit to store supplies


hope that helps someone, or if im the one needing helping.. hope u help me.. lol :$

 

[kow_dude]

Currently, my adj is 75121 but this is definately wrong. I've discovered a few errors today.

 

[aditya]

yes...


i got 1333 544... for adj trial balance.. :S

i feel this is incorrect.. i just did it quickly as possible...

someone clarify a figure.. im thinking 1 333 564...?

 

[jpr333]

Absolution did you leave bad debts expense blank or did you get 7000 ish or whatever for unadjusted balance cause as far as i know there are no bad debts expense transactions before adjustments ??

Edit ignore that qs^ i get it.

Well i got the same adjusted trial balance figures as you except for sales discounts [10302] (and mine isn't balancing by 100 on one side)
Oh and my cash is off as well. Time to double check!
Well it balances i guess its irrelevant how we did cash/sales discounts anyway.

 

[aditya]

u would be wrong in saying that its irrelevant.. it is relevant...

 

[kow_dude]

if someone could post adjusted totals in a similar fashion that would be appreciated.

My unadjusted trial balance is identical to Absolution but the differences are:

Cash at Bank: 63214
Accounts Receivable control: 31600
Sales discounts: 10388

 

[sarevok]

^^ Those are figures for the adjusted trial balance? Why is cash different, I though adjusting entries never involve cash?

 

[aditya]

ok guys... wat profit did u get?

 

[jpr333]

u would be wrong in saying that its irrelevant.. it is relevant...

Irrelevant in the sense that we're trying to balance it. I'm pretty sure I did discounts right, can anone confirm Absolution's results for sales discounts?

 

[sarevok]

Yes, I got the same figure as him.

 

[kow_dude]

^^ Those are figures for the adjusted trial balance?

Those figures are unadjusted trial balance.

Can someone tell me their amount for accounts receivable subsidiary ledger. i got 31050 and it doesnt match with my accounts rec. control account which is 30500.

 

[jpr333]

Make sure you post the general journal adjustments to the control account.

 

[aditya]

yeh i can, confirm them.. sory if i sounded rude, just trying to help brother... it matters but man.. because we're procesing the same transactions.. and chances are... if urs balances but differs, then u prolli just made a silly mistake somewhere.. thats all i meant (Y)

 

[04er]

sales discounts?

i got 1599 from memory