JOE’S ONLINE BOWLING SUPERSTORE

“Let the good times roll”Visit us at

www.joesbowlingstore.com

Joe’s bowling shop

We are a little business that just had their grand opening. The bowling business was moving really slow but now our company has expanded all over the country. The business is run by Joey Andrews and Antonio Palangio. We just had our first month of sales and we are selling like crazy. So come visit our web site we will help all of your bowling needs.

Joe’s Online Bowling Superstore“let the good times roll”

 We sell everything, from Bowling balls to shoes.

We got everything!     

Our web site is {www.joesbowlingstore.com}We sell it all, from bowling attire, bowling balls,

bowling shoes, and all your bowling needs.

50% off everything

Come on in !

Chart of Accounts(100) assets (400) Revenue110 cash 410 Sales120 A/P NGV bowling (500) Expenses130A/P Bowl-a -Rama 520 store supplies

140 Supplies 530 Bowling Balls

150 Prepaid Insurance(200) Liabilities210A/R PBA220A/R Bowling Co.(300)Owners Equity310 Joey Andrews Cap. 320Joey Andrews Drawing.330 Income summary

Our Merchandise

Page Journal Page  

Date Account Title Doc. No Post Ref.

General Accounts Receivable Sales Sales Tax Accounts Payable Purchases Cash

Debit Credit Debit Credit Credit Credit Debit Credit Debit Debit Credit

1 mar 1Joe Andrews C01   30,000.00              

30,000.00  

2   2Antonio Palangio C02   30,000.00              

30,000.00  

3   3Bowlers Outlet P23               3,625.00

3,625.00    

4   5ebonite C03 5,000.00            

5,000.00

5,000.00    

5   7Bowl-a-Rama                     4,120.00  

4,120.00

6   9NGV Bowling                     65,000.00  

65,000.00

7   10Joe Andrews Drawing     4,000.00                  

4,000.00

8   10Antonio Palangio Drawing    

4,000.00                  

4,000.00

9   15tony palangio m23   200.00                    

10     Purchase       200.00                  

11   16Joe Andrews     150.00                    

12     Purchase       150.00                  

13   17Antonio Palangio     602.00                    

14     Purchase       602.00                  

15   19Joey Andrews     305.00                    

16     Purchase       302.00                  

17   20PBA                     6,000.00   6,000.00

18   20Bowling Co.                     4,000.00   4,000.00

19   21Rhino Page         214.00   200.00 14.00          

20   22Fred Flinstone         387.34   362.00 25.34          

21   22Mike Scrogins         128.40   120.00 8.40          

22   23andy marton         535.00   500.00 35.00          

23   23Jason Belmonte         215.07   201.00 14.07          

24   24Norm Duke           350.00 24.50       374.50  

Prove for the Debits & Credits Col. # Column Title Debit Totals Credit Totals 1 General Debit $14,257.00 2 General Credit $61,254.00 3 Accounts Receivable Debit $1,479.81

4 Accounts Receivable Credit 5 Sales Credit $1,733.00 6 Sales Tax Payable Credit $121.31 7 Account Payable Debit 8 Accounts Payable Credit $8,625.00 9 Purchases Debit $87,745.00 10 Cash Debit $60,374.50 11 Cash Credit $87,120.00 Totals $163,856.31 $158,853.31

End of Month Cash Proof Cash on hand at the beginning of the month ……….. $30,000.00 Plus total cash received during the month ……..……. $60,374.00 Equals total …………………………………………….. $90,374.00 Less total cash paid during the month …..…………… $87,120.00 Equals cash balance on hand at end of the month .... $3,254.00 Checkbook balance on the next unused check stub … $3,254.00