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Rebel Ridge Snowmobile, Inc.
1st Web-Based Edition

Journal Entries

Page 1 Rebel Ridge Snowmobiles – Journal Entries 1st Web-Based Edition, Copyright © 2010 PKL Software, Incorporated. All rights reserved. Last Revised: April 1, 2010

BEGIN THE PROGRAM AND ENTER THE DATA
When you have: (1) Carefully read pages 1-8 of this handbook, (2) A good understanding of the accounts used by Rebel Ridge Snowmobile and how those accounts are used, you are ready to begin the journalizing process in the Rebel Ridge Snowmobile web-based accounting program. The transactions for the month of December follow, and you are encouraged to prepare your account entry information before sitting down at the computer. It is suggested that you write the …show more content…

This verification only tests for complete entries, it does not guarantee the correctness of the numbers entered. 8. Click on the Post Entry button. The entry will be recorded in the General Journal and posted to the General Ledger. Continue entering the transactions for the first week. If you discover that a transaction entered into the system at an earlier time needs correction, simply reverse or back out the incorrect entry and then enter the transaction correctly. More detailed instructions on error correction procedures are demonstrated in the next transaction.
Page 3 Rebel Ridge Snowmobiles – Journal Entries 1st Web-Based Edition, Copyright © 2010 PKL Software, Incorporated. All rights reserved. Last Revised: April 1, 2010
Journal Entry Below

Office Supplies $450.63 Cash $450.63

TRANSACTIONS FOR DECEMBER 3-10
Student Analysis December 3 Discovered that a $84.40 journal entry for advertising printing charges had been recorded in error to the Miscellaneous Expense account rather than the Advertising Expense account. The date of the original cash transaction entry is December 2 and the invoice number is 23339. Follow instructions 1-5 below: The entry correction procedure for the Rebel Ridge Snowmobile accounting system requires that each error entry be backed out and then reentered correctly. 1. Using the December 2 date, debit the Cash (101) account and credit the Miscellaneous Expense (629) account for the $84.40. Click on the Verify Journal button. 2.

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