会计学（第21版）课件：Accounting Systems and Internal Controls

AccountingSystemsandInternalControlsAccounting,21stEditionWarrenReeveFess

Someoftheactionhasbeenautomated,soclickthemousewhenyouseethislightningboltinthelowerright-handcornerofthescreen.Youcanpointandclickanywhereonthescreen.1.

Defineanaccountingsystemanddescribeitsimplementation.2.

Listthethreeobjectivesofinternalcontrol,anddefineandgiveexamplesofthefiveelementsofinternalcontrol.3.

Journalizeandposttransactionsinamanualaccountingsystemthatusessubsidiaryledgersandspecialjournals.ObjectivesAfterstudyingthischapter,youshouldbeableto:4.

Describeandgiveexamplesofadditionalsubsidiaryledgersandmodifiedspecialjournals.Objectives5.

Applycomputerizedaccountingtotherevenueandcollectioncycle.6.

Describethebasicfeaturesofe-commerce.BasicAccountingSystemImplementationDesignAnalysisFEEDBACKObjectivesofInternalControl1. assetsaresafeguardedandusedforbusinesspurposes.2. businessinformationisaccurate.3. employeescomplywithlawsandregulations.Toprovidereasonableassurancethat:1. Controlenvironment2. Riskassessment3. Controlprocedures4. Monitoring5. Informationandcommunication ElementsofInternalControl1.

Controlenvironment2. Riskassessment3. Controlprocedures4. Monitoring5. Informationandcommunication

ElementsofInternalControlManagementphilosophyandoperatingstyleinfluencesthecontrolenvironment.1. Controlenvironment2. Riskassessment3. Controlprocedures4. Monitoring5. Informationandcommunication ElementsofInternalControlOncerisksareidentified,theycanbeanalyzedtoestimatetheirsignificance,toassesstheirlikelihoodofoccurring,andtodetermineactionsthatwillminimizethem.1. Controlenvironment2. Riskassessment3. Controlprocedures4. Monitoring5. Informationandcommunication

ElementsofInternalControlControlProceduresCompetentPersonnelRotatingDutiesMandatoryVacationsSeparatingResponsibilitiesforRelatedOperationsSeparatingOperations,CustodyofAssets,andAccountingProofsandSecurityMeasuresControlProceduresCompetentPersonnelRotatingDutiesMandatoryVacationsSeparatingResponsibilitiesforRelatedOperationsSeparatingOperations,CustodyofAssets,andAccountingProofsandSecurityMeasuresSeparatingResponsibilitiesforRelatedOperations1. Ordersmaybeplacedonthebasisoffriendshipwithasupplier,ratherthanonprice,quality,andotherobjectivefactors.2.

Thequantityandqualityofsuppliesreceivedmaynotbeverified,thuscausingpaymentforsuppliesnotreceivedorpoor-qualitysupplies.3. Suppliesmaybestolenbytheemployee.4. Thevalidityandaccuracyofinvoicesmaybeverifiedcarelessly.Otherwise,thefollowingabusesarepossible:ControlProceduresCompetentPersonnelRotatingDutiesMandatoryVacationsSeparatingResponsibilitiesforRelatedOperationsSeparatingOperations,CustodyofAssets,andAccountingProofsandSecurityMeasuresIndependentcheckIndependentcheckIndependentcheckCustodyofAssetsAccountingOperations1. Controlenvironment2. Riskassessment3. Controlprocedures4. Monitoring5. Informationandcommunication ElementsofInternalControlCluestoPotentialProblems1. Abruptchangesinlifestyle.2. Closesocialrelationshipswithsuppliers.3. Refusingtotakeavacation.4. Frequentborrowingfromotheremployees.5. Excessiveuseofalcoholordrugs.Warningsignswithregardtopeople:1. Missingdocumentsorgapsintransactionnumbers.2. Anunusualincreaseincustomerrefunds.3. Differencesbetweendailycashreceiptsandbankdeposits.4. Suddenincreaseinslowpayments.5. Backloginrecordingtransactions.Warningsignsfromtheaccountingsystem:CluestoPotentialProblemsManualAccountingSystemsCash 11Accts.Pay. 21GeneralLedgerAccts.Rec. 12Supplies 14GeneralLedgerandSubsidiaryLedgersAccountsReceivableSubsidiaryLedgerABCDCustomerAccountsAccountsPayableSubsidiaryLedgerABCDCreditorAccounts

BUYING

SELLINGSpecialJournalsProvidingservicesonaccountRevenuejournalrecordedinReceiptofcashfromanysourceCashreceiptsjournalrecordedinPurchaseofitemsonaccountPurchasesjournalrecordedinPaymentofcashforanypurposeCashpaymentsjournalrecordedinTheRevenueJournalTheRevenueJournalAllsalesonaccountarerecordedinthisjournal.Eachsalesinvoiceislistedinnumericalorder.RevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage35123456123456RevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage35123456123456PerformedservicesoncredittoMyM,$2,200.2006 Mar.2 615 MyMusicC 220000TheRevenueJournalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage35123456123456Noticethatonlyonelineisrequiredtomaketheentry.2006 Mar.2 615 MyMusicC 220000TheRevenueJournalPostingfromtheRevenueJournalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage35123456123456ToupdatetheMyMusicCaccount,the$2,200debitispostedtotheaccountsreceivablesubsidiaryledger.2006 Mar.2 615 MyMusicC 220000RevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage351234561234562006 Mar.2 615 MyMusicC 220000AccountsReceivableSubsidiaryLedgerDate Item P.R. Debit Credit BalanceMyMusicC

Mar.2 R35 2,200 2,2002006PostingfromtheRevenueJournalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage351234561234562006 Mar.2 615 MyMusicC 220000AccountsReceivableSubsidiaryLedgerDate Item P.R. Debit Credit BalanceMyMusicC

Mar.2 R35 2,200 2,2002006Thisprocedureisrepeatedforeachpostingtotheaccountsreceivablesubsidiaryledger.PostingfromtheRevenueJournalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage351234562003123456AssumethatsimilarentrieswerejournalizedandpostedduringthemonthofMarch. Mar.2 615 MyMusicC 220000 6 616 RapZ 175000 18 617 WebCantina 265000 27 618 MyMusicC 3000002006 Mar.2 615 MyMusicC 220000PostingfromtheRevenueJournalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage351234562006123456 Mar.2 615 MyMusicC 220000 6 616 RapZ 175000 18 617 WebCantina 265000 27 618 MyMusicC 300000OnMarch31,therevenuejournalistotaledandruled. 31 960000PostingfromtheRevenueJournalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage351234562006123456 Mar.2 615 MyMusicC 220000 6 616 RapZ 175000 18 617 WebCantina 265000 27 618 MyMusicC 300000Next,therevenuejournal’stotal($9,600)ispostedtothegeneralledger. 31 960000PostingtheRevenueJournalTotalACCOUNTAccountsReceivableAccountNo.12BalanceDr.Cr.DateDr.Cr.ItemPost.Ref.2006Mar. 1 Balance 340000GENERALLEDGER31

960000

1300000

R35RevenueJournal,page35PostingtheRevenueJournalTotalByplacingtheaccountnumberhere,weindicatethat$9,600hasbeendebitedto

AccountsReceivableinthegeneralledger.PostingtheRevenueJournalTotalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage351234562006123456 Mar.2 615 MyMusicC 220000 6 616 RapZ 175000 18 617 WebCantina 265000 27 618 MyMusicC 300000 31 960000(12)(41)ACCOUNTFeesEarnedAccountNo.41BalanceDr.Cr.DateDr.Cr.ItemPost.Ref.GENERALLEDGER2006Mar.31 R35 960000 960000PostingtheRevenueJournalTotalRevenueJournalInvoice PostAccts.Rec.–DebitDate No. AccountDebited Ref.FeesEarned–CreditPage351234562006123456 Mar.2 615 MyMusicC 220000 6 616 RapZ 175000 18 617 WebCantina 265000 27 618 MyMusicC 300000 31 960000(12)(41)Placing“41”hereindicatesthat$9,600hasbeenpostedtothecreditsideof

FeesEarned

inthegeneralledger.PostingtheRevenueJournalTotalTheCashReceiptsJournalAlltransactionsthatinvolvethereceiptofcasharerecordedinthecashreceiptsjournal.TheCashReceiptsJournalMar.1 RentRevenue 400 400

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page14NetSolutionsreceived$400cashonMarch1forthemonth’srent.TheCashReceiptsJournal2006Mar.1 RentRevenue 400 400

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.DuringMarch,NetSolutionscollectedcashfromthreecustomers.19 WebCantina 3,400 3,40028 MyMusicC 2,200 2,20030 RapZ 1,750 1,750

TheCashReceiptsJournalPage142006Eachaccountunder“AccountsReceivableCr.”ispostedtotheaccountsreceivablesubsidiaryledger.PostingtheCashReceiptsJournalMar.1 RentRevenue 400 400

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.19 WebCantina 3,400 3,40028 MyMusicC 2,200 2,20030 RapZ 1,750 1,750

Page142006Mar.1 RentRevenue 400 400

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page1419 WebCantina 3,400 3,40028 MyMusicC 2,200 2,20030 RapZ 1,750 1,750

AccountsReceivableSubsidiaryLedgerDate Item P.R. Debit Credit BalanceWebCantina

Mar.1Bal. 3,400 18 R35 2,650 6,05020063,4002,650PostingtheCashReceiptsJournal200619Mar.1 RentRevenue 400 400

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page1419 WebCantina 3,400 3,40028 MyMusicC 2,200 2,20030 RapZ 1,750 1,750

PostingtheCashReceiptsJournalAccountsReceivableSubsidiaryLedgerDate Item P.R. Debit Credit BalanceWebCantina

Mar.1Bal. 3,400 18 R35 2,650 6,05020063,40019CR142,6502006

TheCashReceiptsJournalAfteralljournalizingandpostingtotheaccountsreceivablesubsidiaryledgerforthemonthiscomplete,thecolumnsaretotaled.TheCashReceiptsJournalMar.1 RentRevenue 400 40019 WebCantina

3,400 3,40028 MyMusicC

2,200 2,20030 RapZ

1,750 1,75031 400 7,350 7,750

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page142006Thetotal“CashDr.”columnequalsthetotalofthetwocreditcolumns.Mar.1 RentRevenue 400 40019 WebCantina

3,400 3,40028 MyMusicC

2,200 2,20030 RapZ

1,750 1,75031 400 7,350 7,750

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page14PostingtheCashReceiptsJournalThethreecircleditemsarepostedtothegeneralledger.Let’spostAccountsReceivable.2006Account:AccountsReceivableNo.12

GENERALLEDGERDate Item P.R. Debit Credit BalanceMar.1 Bal

3,400 31 R35 9,600 13,0002006Mar.1 RentRevenue 400 40019 WebCantina

3,400 3,40028 MyMusicC

2,200 2,20030 RapZ

1,750 1,75031 400 7,350 7,750

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page14PostingtheCashReceiptsJournal2006Account:AccountsReceivableNo.12

GENERALLEDGERDate Item P.R. Debit Credit BalanceMar.1 Bal

3,400 31 R35 9,600 13,00020067,3505,65031CR14Mar.1 RentRevenue 400 40019 WebCantina

3,400 3,40028 MyMusicC

2,200 2,20030 RapZ

1,750 1,75031 400 7,350 7,750

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page14PostingtheCashReceiptsJournal2006() (12)

PostingtheCashReceiptsJournalThe$7,750totalintheCashDebitcolumnispostedtoCashinasimilarmanner.PostingtheCashReceiptsJournalThe$400credittoRentRevenuecouldhavebeenpostedearlier,butpostingitatthesametimeasothergeneralledgeraccountsisproper.PostingtheCashReceiptsJournalAcompletelypostedcashreceiptsjournalisshowninthenextslide.Mar.1 RentRevenue 400 40019 WebCantina

3,400 3,40028 MyMusicC

2,200 2,20030 RapZ

1,750 1,75031 400 7,350 7,750

CASHRECEIPTSJOURNAL Other Accounts Post Accounts Receivable CashDate AccountCredited Ref. Cr. Cr. Dr.Page14PostedCashReceiptsJournal42() (12) (11)2006

AccountsReceivableControlAccountIftheaccountsreceivableaccountinthegeneralledgeronlyshowssummarytotals,wherearetheindividualcustomerbalances?ACCOUNTAccountsReceivableNo.12

GENERALLEDGERDate Item P.R. Debit Credit BalanceMar.1 Bal 3,400 31 R35 9,600 13,0007,3505,65031CR14

Date Item P.R. Debit Credit BalanceRapZ3/6 R35 1,750 1,7503/30 CR14 1,750 --Date Item P.R. Debit Credit BalanceWebCantinaDate Item P.R. Debit Credit Balance3/2 R35 2,200 2,2003/27 R35 3,000 5,2003/28 CR14 2,200 3,0003/1 Bal. 3,4003/18 R35 2,650 6,0503/19 CR14 3,400 2,650

AccountsReceivableSubsidiaryLedgerAccountsReceivableControlAccountMyMusicCACCOUNTAccountsReceivableNo.12

GENERALLEDGERDate Item P.R. Debit Credit BalanceMar.1 Bal 3,400 31 R35 9,600 13,0007,3505,65031CR14

ThePurchasesJournalThepurchasesjournalisdesignedforrecordingallpurchasesonaccount.OnMarch3,2003,NetSolutionspurchasedsuppliesfromHowardSupplies,$600.JournalizinginthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006PURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11Tokeeptheaccountspayablesubsidiaryledgercurrent,thisentryispostedonMarch3. Mar.3 HowardSupplies 600 6002006AccountsPayableSubsidiaryLedgerDate Item P.R. Dr. Cr. BalanceHowardSupplies

Mar3 600 6002006PostingthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11AccountsPayableandSupplieswillbepostedastotals. Mar.3 HowardSupplies 600 6002006PostingthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11OnMarch7,NetSolutionspurchasedsuppliesfromDonnellySupplies,$420. Mar.3 HowardSupplies 600 6002006 7 DonnellySupplies 420 420

JournalizinginthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006

7 DonnellySupplies 420 420JournalizinginthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006

OnMarch12,NetSolutionspurchasedofficeequipmentfromJewettBusinessSystems,$2,800. 7 DonnellySupplies 420 420 12 JewettBus.Sys. 2,800 Off.Equip. 2,800Becausethereisn’taspecialcolumnforOfficeEquipment,thispurchasewasrecordedunder“OtherAccountsDr.”JournalizinginthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006 7 DonnellySupplies 420 420 12

JewettBus.Sys. 2,800 Off.Equip. 2,800Now,let’slookattherestofMarch’sentries(assumethatallpostingstotheaccountspayablesubsidiaryledgerhavebeenmade). 19 DonnellySupplies 1,450 1,450 27 HowardSupplies 960 960JournalizinginthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006 7 DonnellySupplies 420 420 12

JewettBus.Sys. 2,800 Off.Equip. 2,800AttheendofMarch,allcolumnsaretotaledandequalityofdebitsandcreditsisverified.TotalingthePurchasesJournal 19 DonnellySupplies 1,450 1,450 27 HowardSupplies 960 960

31 6,230 3,430 2,800$6,230=$3,430+$2,800Thenextstepistoposttothegeneraljournal.PURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006 7 DonnellySupplies 420 420 12

JewettBus.Sys. 2,800 Off.Equip. 2,800 19 DonnellySupplies 1,450 1,450 27 HowardSupplies 960 960

31 6,230 3,430 2,800PostingthePurchasesJournalPURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006 7 DonnellySupplies 420 420 12

JewettBus.Sys. 2,800 Off.Equip. 2,800 19 DonnellySupplies 1,450 1,450 27 HowardSupplies 960 960

31 6,230 3,430 2,800ACCOUNTAccountsPayableNo.21

GENERALLEDGERDate Item P.R. Debit Credit BalanceMar.1 Bal 1,2306,2307,46031P11PURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002003 7 DonnellySupplies 420 420 12

JewettBus.Sys. 2,800 Off.Equip. 2,800 19 DonnellySupplies 1,450 1,450 27 HowardSupplies 960 960

31 6,230 3,430 2,800ACCOUNTAccountsPayableNo.21

GENERALLEDGERDate Item P.R. Debit Credit BalanceMar.1 Bal 1,2306,2307,46031P11(21)PURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002003 7 DonnellySupplies 420 420 12

JewettBus.Sys. 2,800 Off.Equip. 2,800 19 DonnellySupplies 1,450 1,450 27 HowardSupplies 960 960

31 6,230 3,430 2,800(21)

Suppliesispostedasatotalof$3,430togeneralledgeraccount21.OfficeEquipmentispostedindividually.(14)18PURCHASESJOURNAL Accts. Other Post Payable Supplies Accounts PostDate AccountCredited Ref. Cr. Dr. Dr. Ref. AmountPage11 Mar.3 HowardSupplies 600 6002006 7 DonnellySupplies 420 420 12

JewettBus.Sys. 2,800 Off.Equip. 2,800 19 DonnellySupplies 1,450 1,450 27 HowardSupplies 960 960

31 6,230 3,430 2,800(21)(14)18()NetSolutionshadonlyoneentryinthe“OtherAccountsDr.”column.Iftherewereothers,theywouldbepostedindividually.Therefore,thetotalisnotposted.Acheckmarkindicatesthatthetotalwasnotposted.TheCashPaymentsJournalAllpaymentsarerecordedinthecashpaymentsjournal.NetSolutionsmakesallpaymentsbycheck.Let’smakeallofthecashpaymentjournalentriesforMarch.CASHPAYMENTSJOURNAL Other Accounts Ck. Post Accounts Payable CashDate No. AccountDebited Ref. Dr. Dr. CrPAGE7OnMarch2,NetSolutionspaidtherentforMarchbyissuingCheckNo.150for$1,600.2006 Mar.2 150 RentExpense 1,600 1,600CASHPAYMENTSJOURNAL Other Accounts Ck. Post Accounts Payable CashDate No. AccountDebited Ref. Dr. Dr. CrPAGE7OnMarch15,issuedCheckNo.151toGraycoSuppliesonaccount,$1,230.2006 Mar.2 150 RentExpense 1,600 1,600 15 151 GraycoSupplies 1,230 1,230CASHPAYMENTSJOURNAL Other Accounts Ck. Post Accounts Payable CashDate No. AccountDebited Ref. Dr. Dr. CrPAGE7Let’sposttotheaccountspayablesubsidiaryledgeratthistimetokeepthecreditor’saccountcurrent.2006 Mar.2 150 RentExpense 1,600 1,600 15 151 GraycoSupplies 1,230 1,230AccountsPayableSubsidiaryLedgerGraycoSupplies Mar.3 Bal. 1,230

Date Item P.R. Dr. Cr. Balance1,230

15CP7

CASHPAYMENTSJOURNAL Other Accounts Ck. Post Accounts Payable CashDate No. AccountDebited Ref. Dr. Dr. CrPAGE7OnMarch21,issuedCheckNo.152aspaymentonaccounttoJewettBusinessSystems,$2,800.2006 Mar.2 150 RentExpense 1,600 1,600 15 151 GraycoSupplies 1,230 1,230 21 152 JewettBusinessSys. 2,800 2,800

CASHPAYMENTSJOURNAL Other Accounts Ck. Post Accounts Payable CashDate No. AccountDebited Ref. Dr. Dr. CrPAGE7OnMarch22,issuedCheckNo.153aspaymentonaccounttoDonnellySupplies,$420.2006 Mar.2 150 RentExpense 1,600 1,600 15 151 GraycoSupplies 1,230 1,230 21 152 JewettBusinessSys. 2,800 2,800 22 153 DonnellySupplies. 420 420

CASHPAYMENTSJOURNAL Other Accounts Ck. Post Accounts Payable CashDate No. AccountDebited Ref. Dr. Dr. CrPAGE7OnMarch30,issuedCheckNo.154aspaymentforutilitybill,$1,050.2006 Mar.2 150 RentExpense 1,600 1,600 15 151 GraycoSupplies 1,230 1,230 21 152 JewettBusinessSys. 2,800 2,800 22 153 DonnellySupplies. 420 420 30 154 UtilitiesExpense 1,050 1,050

CASHPAYMENTSJOURNAL Other Accounts Ck. Post Accounts Payable CashDate No. AccountDebited Ref. Dr. Dr. CrPAGE7OnMarch31,issuedCheckNo.155onaccounttoHowardSupplies,$6002006 Mar.2 150 RentExpense 1,600 1,600 15 151 GraycoSupplies