South Coast Electronics (1981 Practice Set; Instruction Sheets)

2022·3.2 MB·English

by  Marty (Costa Mesa)

Ccorprght © 8

sree yarn Pini Ce

PRELIMINARY INSTRUCTIONS

‘The transaction in tis practice aes were
completed ty South Const Hlestrouica, nxted
‘nd npuratel by RC. Yo! during tha taont a!
‘Tune ofthe caren years The companys Heal
year ends Tune 30.

Use of business papers, The business pep-
ena tn thie pructic, stare (he eouroe of iator=
ation roganting the transuctioas and eure be
Ged a's hgsls for the entese,

Cheeking the hosiness papers. Par
convomienat in mak’ng cortan tat all Bua
Seca papers sre Svullale in your out, he pap
tre pie tumbered onceily Before vot te
ford the traneactione: for which pupate are
fiven in an envelope, chock the papers Wo $66

a all are cluded: Trane ix mung obtain
fm our inetractr the nfiration given on
‘too that you can properly record the transue

Dates of entrien, st is the custom of the
businose to have each piece of Ineoating mot
‘mpd lo ehoor ths date on tenon it 9/95 Te
Gsived. All wanaactions represented Ity Ineo
the hiner are fo be neconded ancantiny to the
dies on which the papere were recived ly tho

Hooke of account Journgls ond registers.
‘The jogmala and weston, which are bgund in
fone fndexed hovk ented ournals und Reais
Garsty ane_ an follows cash eeoipts journal,
heck setae, sui gntir pyre regi

‘Re watcher reyieuer far My is included in
order thee payment dauie and check numipers
‘ay be inaered when May bap vouchers
se paid in June.

General ledigr. Aeoount halaneos the end
of the feet loan mom of the Tse] your are
Sntered in the general Teer a of Tune 1

cpu bl eye, Coil less
‘onred hy ehezaanene an alsfune Turowntered
he accounts avceivanle fedyer under the dale
of the original wale

Employes earnings records, ‘the saraings
sesame for al emplovecs are bound together,
Telerau fe cuzet eae
and entries forthe April an rol are
eotenet * wes

alen. All recall eile arg for eash und arg
ubject io aaalee lax of i, Sales lex eolected
By the vendor ivcraited to Sales Tax Payable,
‘all wanleaale sales are on scouat und are
subject to terms nf 246, ni30, POR shipoieg
DaiBt, Lene fe'no wales tay un whulimate sole
"Hach sale on acenun ta evidenced hy aca:
bon eapy of the gales invuice headed “Balen
ITnvoine Ascounting Daparumunt Copy

Vouchers. Kas liability incurred by the
bouuinsut ie evidenced hy 1 vovone" that was
prepared by the bookkeeper

Cach reeeipta and payments. All cach ve
opived a depeested ia the Citieane. National
Bonk nd all puyments excene fom pete
teh! ure made by cnecle Hach aaah recep is
‘vdonwad iy eee of uplieste aapoait
(ick Bush cugh puymane ia evieenced By a
fuirton ‘op of the check Headed "Cheek
‘Accmnting Depurtivent Copy.”

Filing business papers. The husisess pap.
fers that age received anil Cunse Ural aoe pre
prod by the ecudent are to be_placod ia the
Flos sdvided in thin ae. Thse fe rea od
Tov

SalaTewwine —— Astuting dpertmnt ene
vey

spyware) une

Lass

SOMNMUSNI

Page 2

INSTRUCTIONS FOR ENVELOPE 1

Verifying the businwes papers. ‘This en
‘lope shld eantsin Ferme Ld. De net open
ny ofthe other envelopes uni all the torn
Bnvelupe No- 1 ate been eomplated,

Forme 18. Forms 1 exe the unpaid vos:
hers thom Muy, False for these vouehers
‘rare made in May. File those vouchers i the
‘Unpeid Vouchors File aurding to due daton,

Recording transactions. A you rosord the
transsctions evidenced by burinese papers
S614, observe the follawing explunslary nodes

Form 9, Chack seseived om account

Form 10, Voushora are prepared hy tho
hookkewpor and ze approvsd by Yor Whur
‘yn reos we n voter, proceed a fellows

Uy Record the vousher in the vous rexis
ter
'D) Wrice yor iii after tae word “Ree
cia? in the Voucher Suxtmery seston ofthe
‘G) We the voucher in ene Unpaid Vouehare
File anconding 29 the de date,

orm 11, Checks itoued in payment of vou
chars ure prepared ia duplicate by luo bool
Keeper and are approved and signed by Yost.
When you receive tho yecnuntiag cepumiment
copy of a check, proveod us fallow:

(1 Remove from the Unpaid Vouthers Fil
‘the vouch that i being pai

"OD Renn ths chert hw check vege

() Record he diate of payment andthe
chock ruber in Uhe Paid enum of the vole
cher xg ser.

(Enter the date, amount, and chick
number in the Paymene Summary aection of

the voucher and site your initials after “Re
conded”

( Pile toe

id voucher and the dupleate
hoc ia the O

ite File

Form 12. Chock ractived sm scmount Tews
sscoumt

orm 15. The tbs] aroun received from
sash aaler andthe relates los tor Jame 1-2
itae been depceitet on the amie hy Yor, Oa
June § you receive Rurm 18, 2 duplicate ef the
‘epost Seco fr thie deport, fom sebick Fou
fre (o record the cash ales and the reluted
files late for Ue perio.

Form If, June 8. Complete the deposit ticket
sand.dopoat all chess om hand ke sompletod
epost soket, together with all checks being
fleforiced, should be filed in the Outgoing Pac
pers Hie

Posting, June 3. Pst from the cash xeceipts
azul east rotate Ind

in actual practice all antes involving cu
toners necounts in the edbsidinry Ledger ould
be posted ouch day. Decause” of tho rome
‘borates small utber of eromeaetione ia hig
fl, hovreror, eho posh ag will be eomploed al
‘ntervafs Mirehout the saeaty Ta posting te

the general ledger accounts wil be comp! sted
atthe end of HS tanth *

INSPRUCTIONS FOR ENVELOPE 2

Yerifvimg he business papers. This. on
‘lope should contain Forme t= 99, Reco the
innsinows transactions indicated by these foent
lmerving the following expleautnry notes

=
tn the Sales fnvaions Fe

Form 21, This chek iain payment ofa note
fw $800 and vnsorest of 8240 du tay.

Form 26. Thin nots, from Toye & one
Audie iin settlement of ho sale of ap 4 This
Bote should be raced inthe le cesganied OF

Forms 28 and 28. ‘Uhe employees of South
CCnaat Flesironies ura paid every to wees hy
luse of @ special paral hess Compute the

ayroll and gue the necessary entrius, pro-
Selig efile: Bs

UN Se cack omplogee's earnings reo
toluplele Che line Sr the tworweek pus’ Pariod
Sadi ne 6 he sary ofeach employes
Semalig unchanged frum tis proved
Dera. "The only deduetins 2 the pu” pat
Beer federal sncome and FICA tax. Rote
in'page 1 af the woke of emplayoee earnings
eons for neoowary informa,

TB) Propane “the pasrall register, for the
two-week period oflsining ‘the ntormation
from each omployeen earrings reson, Note
{hat dhe emplayer’s earnings sand ais the
Bsceount to be debited far cach emplavees Ae

ii Keaord the entry forthe payroll inthe
eeneral journal.

CGF om th, ifematon, he payroll
repisicr, record in the general jouraal ‘be em
lovers pyre tacee cepence ca che bivestly
Fujrel tetera pave 1 tho book ot earainge
Focords tr tax robsa and bases)

‘Gr Recor Vouchor ho, L617 in the vousber
resistor The amouat of ts vougher should
Shh the evadf to Sulgrien Payable in gor
enor jena entry HEC does ol, rod
Sour woken

16) Hocord Chock Ny. 2150 ja she chek
regia in puyeant of Vouther No. 1817

Posting. June &, Post fom the general
Journal tothe sotounts reostrable ledger.
IN

PRUCTION SMKEY 2

‘oath Cua! Rlecteunies
ARRG
SEE tanec

INSTRUCTIONS FOR ENVELOPR 9

the business papers: hia so- Ferm 38, Jume 1M, Cumslote the depett
‘elope show a eonfain Forms Seed iacord the rihel an deponie all check hae
Dantnesstranearione ind by tas forme, oe

besreing the ellwing pla ory acta Posting, June 12. Post from the cash re

«ciple journal le tho uewounts receivable ledges
INSTRUCTION SHEET 4
South Coxst Eleetronies
86
Ipoh ican pie Co

INSTRUCTIONS FOR ENV!

LOPE A

Verifying the busiese papers, ‘Thia ex- Form 5, June 17. Conaplete the cepesit,

‘yelopeehsuld emtain Format. itsoed the tieket and deposit al check ea aud

‘abea auaccio indicaced yy dere os, ee ane cane

observing the folowing explatatory noten sting Tune 17. Post ftom the cast re
cciptsjousnal Wo thy wwnunts eaeivable ledger.
INSTRUCTION SHEEY 5
South Coast Elestronies
A886
INSIRUCTIONS FOR FNVELOPEZ 5

Verifying the business papers, This n-
elope should contain Rorme 60-7, Recoed the
Businegs transactions inde by these ‘coats,
aerving the fillowiny vxplanutere noees

Porm 67. South Goss Rlectromion unas eat
ben copies afte erodit memeragdants ae aslo
‘alu and allowannse rn

Teg esch alia relurn aid allowance disetiy
wa the Steere secoune in the acoanta oe
fetvable ledger, inet iny the cradit mamonan-
itm) number in che posting reference coum
indicate the completion of the posting ef exch
cfolit memoranda by wriling yout taitile
‘he bogsam right corr of shy Goedit memoran
Gun ile the exedit mesnarandem in the Sales
Thuis Fie

INE the end of the month, dhe ttul sales ne
tora al allovazcan il he econ ta
journal entry debitiag and crediting the appre
briate gorra ledger sesstta

Forms 72 and 1. Before procssding with
the payroll eusrd the following ehange «fe

ve dune 22 on the respective employes ea
ngs necard. For pay rate changes, indicate ts
‘hetive date and now pay tata Below the pre

ious pay race, For the ciuawe in witaholdiy

linwunees, indicate the nen wiltholding a

Tnwancns next to the ole auth

erat, Donald 1 125 biwookdy
Daviaoi, Mark L 10 beets
Eapineda, Kober! 131 Riweoay

Asin Bate 6
Baus
Rai hesnle

126 bivetely
inp change

ay Svea

2) Sees ly

20 biweekly
‘hel I axeanotien

Cempute the payroll aed sake the neopssany
cealsiee ucoordiag tothe fllowiny direc one

(On yx emplusacs warnings roomed
complote the Tine fi te ove one pay pried
ending June 22. Lhe only eesuctini the the
Day pevind ure for federal incon ln and FTCA,
TS,

TH) Prepare ah
‘etme peri

"TS Recen! the entsy fow the pargoll ia the
general journal

(4 Record io employer's gayrull taxes ex:
pie on fhe oly payroll in the oneral
Journal

{Sr Raword Voucher No, 1696 in the voucher
ogistes, (be amotne of thin vonsler ehoald
‘sqhut she credit €9 Salaries Payeale im your
acral journal entry. eH doen tok, recheck

{® Reeard Chock No. 2162 in the hock
regina in payount of Waacher No. 1898

payroll eginter for the:

Posting, June 22. Post from che cash ne
cciptsjouraal tothe nerounus roivable ledges,