acct 1001 practice set (2 Viewers)

[elizabethy]

my inventory is the same too....n im 100% sure it has 2 be the same ie, $49000 !

 

[JUB JUB]

what did ppl get for sales revenue, sales returns and allowances and purchases in the UNADJUSTED trial balance?

 

[teehee]

Originally posted by JUB JUB
what did ppl get for sales revenue, sales returns and allowances and purchases in the UNADJUSTED trial balance?

sales revenue - $561,030 CR
sales returns and allowances - $6,920 DR
purchases - $243,255 DR

 

[xiao1985]

my results agree with teehee's...

btw i met elizabethy 2day ^.^
coolies =)

 

[elizabethy]

my results also match with the above.....!!
yeah, nice meeting u xiao!!

 

[xiao1985]

hehe eliz: you DO look abit different than i thought =p

 

[JUB JUB]

Originally posted by teehee
sales revenue - $561,030 CR
sales returns and allowances - $6,920 DR
purchases - $243,255 DR

yep same here! good looks like i've done it right....still haven't finished the bloody thing and it's due tomorrow!

 

[elizabethy]

hey guys did u check out ur practise set marks ? i got 24.75/25 !!! WOOHOOOO!!!! GO MEEE !!!!

 

[frenchie]

hehehehe i got 24.45/25....can't believe that! suddenly i have a growing fondness for accounting....a subject i loathed all semester

 

[xiao1985]

OMG!!!!!! U FREAKS!!! =(~~~

i got 23.75 =p sheet... i was expecting something along the lines of =p meh i dunno, higher??? =(

major upset ><

 

[elizabethy]

don't worry man....there's always next tym !

 

[Suvat]

*senses the growing aura of excitement as BOSers prepare to get stuck into accounting 1b....*

 

[elizabethy]

Lolzzz....

 

[Emily.]

hey im having abit of trouble getting my unadjusted trial balance to actually balance....i know its a while after u guys did it but anyone wanna volunteer to help me out?

 

[fush]

im having trouble just starting.... so have u done all the journals and ledgers allready??

im struggling cause we havnt learned about the speciaal types of journals yet in lectures...

 

[ToO LaZy ^*]

how would you record a cheque??...it's the 2nd transaction

 

[xiao1985]

dr cash at bank
cr accounts receivable...

or maybe should be in cash receipt journal...

 

[Emily.]

anyone able to help me with balancing the unadjusted tb?

 

[xiao1985]

it would take abt 1 hr to go thru everything... i would if i have 1hr break... =(

 

[Emily.]

you could just post all the balances in the tb