Instructions
Creative Performance Awards is a small business owned by Jeff Jones. The company sells merchandise that is often customized with company logos or engraving. Companies purchase these goods to reward employees for years of service or meeting company goals. Companies also purchase personalized items to hand out to customers.

Creative Performance Awards has a warehouse that is used to store inventory. The warehouse is currently larger than needed, so CPA rents out some of the space to Farrell & Associates.

Assume you are employed as the accountant for this small business. In this assignment, you will complete all of the tasks in the accounting cycle for the month of December 2015.

Step 1: Record daily transactions & post to the subsidiary ledgers to keep track of customer and vendor balances

In this step, you will use the following papers: (1) these Instructions, (2) all of your Journals, (3) the Checkbook, (4) the Accounts Receivable and Accounts Payable Subsidiary Ledgers, and (4) Payroll Forms.

Provided with this practice set are transaction forms representing CPA’s daily transactions for December. Your first step is to record the transactions in the appropriate journals.

CPA uses special journals. Special Journals are used to group similar transactions. When Special Journals are used, a transaction is recorded in ONE of the following journals:
1. Sales Journal: Used to record sales ON ACCOUNT. The terms for all sales are 2/10, n/30.
2. Cash Receipts Journal: Used to record any transaction where cash is received. This includes cash sales, collections on accounts receivable, sale of stock to shareholders or owner’s contributions.
3. Purchases Journal: Used to record purchases of MERCHANDISE INVENTORY ON ACCOUNT.
4. Cash Payments Journal: Used to record any transaction where cash is paid. This includes cash purchases of inventory or supplies, paying expenses, paying employees, paying dividends, etc.
5. General Journal: used for any transaction that does not fit in a special journal. This includes sales returns or purchase returns on account, adjusting entries, closing entries, reversing entries, correcting entries. It could also include purchases of non-inventory items (supplies, equipment) on account since the Purchases Journal is used just for inventory.
Most transactions will be recorded in a Special Journal. As a hint, you should only have about 15 transactions (give or take a few due to how you group entries) in the General Journal from the daily transactions.
CPA uses a general ledger and two subsidiary ledgers. Subsidiary ledgers track information about an account in the General Ledger. The subsidiary ledgers you will use are:
1. Accounts Receivable Ledger: Used to keep track of the balances owed to CPA by its customers.
2. Accounts Payable Ledger: Used to keep track of amount CPA owes to its vendors.
Any daily transaction that effect Accounts Receivable or Accounts Payable will be immediately posted to the appropriate Customer or Vendor account in the Accounts Receivable or Accounts Payable Ledger. Wait on all postings to the General Ledger until all daily transactions are completed at the end of the month.
The following is a list of forms or types of transactions you will record and specific instructions or hints:
1. Sales Invoices: These represent sales on account and they are recorded in the Sales Journal. The customer’s name is written in the “Account Debited” column. Because these transactions will increase (debit) Accounts Receivable, you must keep track of who owes for the merchandise. After recording the sale in the Sales Journal, post the amount that will be debited to Accounts Receivable to the specific customer’s account in the Accounts Receivable Subsidiary Ledger. Put a √ (check mark) in the “Ref” column. The √ indicates the amount was posted to the subsidiary ledger. Do not post any amounts to the general ledger until the end of the month. There is no sales tax on business to business transactions recorded in the Sales Journal.

2. Purchase Invoices: These represent purchases on account. If they are for inventory purchases, they are recorded in the Purchases Journal. (Purchases of non-inventory items go in the General Journal). The vendor’s name is written in the “Account Credited” column. Because these transactions will increase (credit) Accounts Payable, you must keep track of who CPA owes and the amount. After recording the purchase in the Purchases Journal, post the amount that will be credited to Accounts Payable to the specific vendor’s account in the Accounts Payable Subsidiary Ledger. Put a √ in the “Ref” column to indicate the amount was posted to the subsidiary ledger. Do not post any amounts to the general ledger until the end of the month.

3. Checks Received: These are checks made payable to Creative Performance Awards. These will be recorded in the Cash Receipts Journal. If the check was received from a customer paying on account, the entry will credit Accounts Receivable. Whenever Accounts Receivable is credited, you need to write the name of the customer in the “Account Credited” column. You also need to post the payment received to the specific customer’s account in the Accounts Receivable Subsidiary Ledger and show the posting with a √ in the “Ref” column.
Sometimes, you may need to credit an account that is not listed in the column headings on the journal. If this occurs, write the amount in the “Other Accounts Cr.” Column and write the specific name of the account to be credited (such as Interest Revenue or Unearned Rent, for example) in the “Account Credited” column.
CPA needs to always know how much cash is on deposit in the bank. To accomplish this, the cash account balance is tracked on the check stubs in the company’s Checkbook. When a check is received, fill in the amount on the “Deposit” line of the next check’s stub in the checkbook. This will allow you to subtotal the amount of cash available. (You can assume you will be depositing the check in the bank on the day it is received.) You may have more than one deposit before writing the next check. If so, use the second deposit line on the check stub.
4. Checks Issued (Paid). An interoffice memo is used to notify you that you need to write a check. In addition to writing the check and recording the amount of the check on the stub of the Checkbook, you will need to record the transaction in the Cash Payments Journal. If the check is issued to pay a vendor for items purchased on account, you will need to debit Accounts Payable. Whenever Accounts Payable is debited, you write the name of the vendor in the “Account Debited” column. You also need to post the payment made to the specific vendor’s account in the Accounts Payable Subsidiary Ledger and show the posting with a √ in the “Ref” column.
Sometimes, you may need to debit an account that is not listed in the column headings on the journal. If this occurs, write the amount in the “Other Accounts Dr.” Column and write the specific name of the account to be credited (such as Supplies or Utilities Expense, for example) in the “Account Debited” column.
5. Deposit Ticket. The deposit tickets represent deposits made for Cash Sales to
customers. While these cash receipts should be deposited daily, to reduce the number of transactions you need to record in this assignment, there will only be 2 deposits tickets. Record the information provided in the Cash Receipts Journal.

6. Payroll. There are several steps required to complete the 2 payroll transactions.
a. Fill out the Employee Earnings Record for each employee. There are 4 employees. You will only be given hours worked for 2 employees because the other 2 employees are in salaried positions. (You can enter 80 as the hours worked for each two-week pay period for salaried employees on payroll forms.) Employees that are paid per hour earn time and a half for overtime. The Employee Earnings records show the filing status (married or single) and number of exemptions for each employee. This information will be needed to find the correct federal income tax to be withheld using the tax tables provided in the payroll documents. FICA Tax is withheld at a rate of 7.65% (which includes Medicare) on the first $118,500 each employee earns during a year. Assume the amounts withheld as United Way contributions are the same each pay period.
b. When all 4 Employee Earning Records are complete, you need to transfer that data to the Payroll Register to the appropriate week. Total each column in the Payroll Register to provide the information for the payroll journal entry. Use Gross Pay when completing the Office and Sales Salaries Expense columns.
c. Record the information from the Payroll Register in the General Journal.
d. Write a check to “Payroll” for the total amount of payroll checks to be distributed. This check will transfer from the company’s regular checking account to the payroll checking account exactly the amount of the employee paychecks. You do not need to write checks to each employee. Assume that is completed via direct deposits. Record the amount of the check for the total payroll in the Cash Disbursements Journal.
e. Prepare an entry in the General Journal to record the company’s payroll taxes for the pay period. The employer is required to match the employees’ FICA tax withheld. The employer also pays Federal and State Unemployment taxes (FUTA and SUTA). The rate is 4.1% for State Unemployment tax (SUTA) and 0.8% for Federal Unemployment tax (FUTA). Unemployment taxes are paid only on the first $7,000 each employee earns in a calendar year.

7. Credit Memos. You will encounter credit memos received from vendors for purchase returns and credit memos issued to customer for sales returns. Credit memos will be recorded in the General Journal. Post the return amount to the appropriate account in the Accounts Payable Ledger or Accounts Receivable Ledger. Wait to the post to the general ledger until the end of the month.

8. Hints regarding Special Journals.
a. Some of the Special Journals have an “Other Accounts” column. That column will state if the “Other Accounts” will be debited or credited. For example, in the Cash Receipts journal, there is a column labeled “Other Accounts Credit.” If you need to record an entry that Debits an account not listed as a column heading, you can enter that number as a negative amount in the Other Accounts Credited column.
b. An entry in a special journal may require more than one line. For example, let’s say you need to credit 2 Other Accounts in a Cash Payments Journal. List each account and amount in the “Other Accounts” column. You can put the total Cash
paid on one of the lines.

Step 2: Post daily transactions to the General Ledger.

In this step, you will use the following papers: (1) these Instructions, (2) all of your Journals, (3) the General Ledger accounts.

After entering all of the transaction forms as journal entries, you will need to post these entries to the General Ledger.

1. Posting Special Journals to the General Ledger
a. First add each column in the special journal. (This is called “footing” the journal.) Next, add the debit column totals and make sure they equal the total of the credit totals. (This is called “cross-footing.”) If total debits ≠ total credits, you need to find and correct errors before posting.
b. Once you know the special journal balances, you are ready to post to the General Ledger. For any column where all of the entries go to one account (such as a column heading that says “Cash Dr.”), post the column total to the account. For example, in the Cash Receipt Journals, post the total of the “Cash Dr.” column to the Cash Account in the General Ledger as a debit. Do not post the individual amounts in the “Cash Dr.” column; just post the column total. This saves you a lot of time! After you post the column total, write the account number under the total. For example, write “110” under the “Cash Dr.” column total in the Cash Receipts Journal once the column total is posted.
c. Some column totals will need to be posted to 2 accounts if that is indicated in the column heading. For example, the Purchases Journal column needs to be posted to Merchandise Inventory as a debit and Accounts Payable as a credit.
d. The amounts in the “Other Accounts” column of a special journal must be posted individually. As you post each number in the “Other Accounts” column, write that account number in the “Ref” column. These means the “Ref” column will have a  for all items posted to a subsidiary ledger (Accounts Receivable or Accounts Payable) and an account number for all items posted to the general ledger from the “Other Accounts” column.

2. Posting the General Journal to the General Ledger.
a. Each debit and credit entry in the General Journal must be posted to the appropriate account in the General Ledger. As you post each amount, write the account number in the “Post Ref” column.
b. Entries to Accounts Receivable or Accounts Payable should have already been posted to the subsidiary ledgers and should already have a  in the “Post Ref” column. These entries also need to be posted to Accounts Receivable or Accounts Payable in the General Ledger. As you post to the General Ledger, also put the account number in the “Post Ref” box (account # 121 for Accounts Receivable and #210 for Accounts Payable). Here is an example of the “Post Ref” box for an entry to Accounts Receivable in the General Journal (showing the dual posting to the Subsidiary Ledger and the General Ledger).

As a hint to know if you are doing the posting correctly, when you have finished step 2 you should have just 2 or 3 postings to the Cash account. There should be about 5 postings to Accounts Receivable.

Step 3: Prepare the bank reconciliation for December and resulting entries.

Make sure the balance in the Cash account in the general ledger is equal to balance of Cash in your checkbook. If these do not match, you need to find and correct errors in your cash account or checkbook.
When the cash balances match, you need to complete the December bank reconciliation. You will need to use the December Bank Statement and the November Bank Reconciliation.
After the General Ledger cash balance has been reconciled to the Bank Statement, journalize any necessary entries in the General Journal. Also post these entries to the General Ledger and record the amounts in the checkbook. Bank service charges are recorded as a Miscellaneous General Expense.

Step 4: Prepare the Schedule of Accounts Receivable and Accounts Payable

On the Schedule of Accounts Receivable form, list all of your customers and the balance owed to CPA. Total the customer balances. This amount must match the balance of Accounts Receivable in the General Ledger. If not, you will need to find and correct errors.

Repeat the same process for the vendors on the Accounts Payable form and verify the total matches Accounts Payable in the General Ledger.

Step 5: Prepare the Worksheet

Enter the balances from the General Ledger in Trial Balance columns of the worksheet. Enter the adjusting entries based on the information below and then complete the worksheet.
1. Accrued salaries on December 31 are $280 for Office employees and $500 for Sales employees.
2. Supplies on hand on Dec. 31 were $1,370.
3. Insurance policies which have not expired at the end of the year total $2,200.
4. The end of year physical inventory count showed that there is $94,927 of inventory on hand.
5. The annual depreciation that needs to be recorded on Office Equipment is $2,180.
6. The annual depreciation that needs to be recorded on the Building is $4,600.
7. The company estimates that $900 of the accounts receivable balance as of Dec. 31 will not be collected.
8. Unearned rent revenue that has been earned as of Dec. 31 is $4,300.
9. Interest accrued on the long-term note during December is $260.

Step 6: Prepare the Financial Statements

Based on the information from the worksheet, prepare the following financial statements.
1. Multiple Step Income Statement
2. Statement of Owner’s Equity
3. Classified Balance Sheet

Step 7: Journalize and Post the Adjusting Entries. The adjusting entries recorded on the worksheet need to be recorded in the general journal and posted to the general ledger.

Step 8: Journalize and Post the Closing Entries

Step 9: Prepare a Post-Closing Trial Balance

Step 10: Journalize and Post Reversing Entries. Following the policy we used in this class when covering Chapter 3, record and post reversing entries for the appropriate adjusting entries.


Creative Performance Awards
Chart of Accounts

Account Number Account Name Account Number Account Name
110 Cash 311 Jeff Jones, Capital
112 Petty Cash 312 Jeff Jones, Drawing
121 Accounts Receivable 380 Income Summary
122 Allowance for Doubtful Accounts 410 Sales
125 Notes Receivable 412 Sales Returns & Allowances
127 Interest Receivable 413 Sales Discounts
131 Merchandise Inventory 550 Cost of Goods Sold
133 Supplies 611 Sales Salaries Expense
141 Prepaid Insurance 612 Advertising Expense
151 Land 615 Delivery Expense
161 Buildings 621 Bad Debt Expense
162 Accumulated Depreciation – Buildings 641 Miscellaneous Selling Expense
165 Office Equipment 711 Office Salaries Expense
166 Accumulated Depreciation – Office Equipment 713 Supplies Expense
210 Accounts Payable 716 Insurance Expense
220 Salaries Payable 719 Utilities Expense
222 Sales Tax Payable 721 Telephone Expense
225 Interest Payable 723 Internet Expense
230 Short-Term Notes Payable 730 Payroll Tax Expense
235 Unearned Rent 745 Miscellaneous General Expense
241 Federal Income Tax Payable 760 Depreciation Expense-Building
242 FICA Tax Payable 762 Depreciation Expense-Office Equipment
243 United Way Contributions Payable 811 Interest Revenue
251 Federal Unemployment Tax Payable 815 Rent Revenue
253 State Unemployment Tax Payable 820 Gain on Plant Assets
270 Long Term Notes Payable 911 Interest Expense
920 Loss on Plant Assets


Creative Performance Awards
Trial Balance
November 30, 2015

Account Number Account Name Debit Credit
110 Cash $ 56,891.23
121 Accounts Receivable 68,956.22
122 Allowance for Doubtful Accounts $ 3,622.00
125 Notes Receivable 8,000.00
131 Merchandise Inventory 102,569.38
133 Supplies 5,623.20
141 Prepaid Insurance 1,300.00
151 Land 28,000.00
161 Buildings 125,000.00
162 Accumulated Depreciation – Buildings 46,580.00
165 Office Equipment 23,400.00
166 Accumulated Depreciation – Office Equipment 9,650.00
210 Accounts Payable 59,865.30
222 Sales Tax Payable 1,560.23
235 Unearned Rent 4,000.00
241 Federal Income Tax Payable 1,897.84
242 FICA Tax Payable 3,265.24
251 Federal Unemployment Tax Payable 356.00
253 State Unemployment Tax Payable 289.55
270 Long Term Notes Payable 35,000.00
311 Jeff Jones, Capital 44,245.95
312 Jeff Jones, Drawing 25,000.00
410 Sales 892,650.37
412 Sales Returns & Allowances 5,980.67
413 Sales Discounts 5,247.12
550 Cost of Goods Sold 431,789.31
611 Sales Salaries Expense 89,582.16
612 Advertising Expense 5,670.00
615 Delivery Expense 3,598.00
641 Miscellaneous Selling Expense 1,359.36
711 Office Salaries Expense 59,863.58
719 Utilities Expense 7,785.30
721 Telephone Expense 1,877.00
723 Internet Expense 2,159.00
730 Payroll Tax Expense 24,560.95
745 Miscellaneous General Expense 14,800.00
811 Interest Revenue 590.00
911 Interest Expense 4,560.00
Total $ 1,103,572.48 $ 1,103,572.48

Creative Performance Awards
Schedule of Accounts Receivable
November 30, 2015

GHC Financial $ 9,763.64
Mason Community College 7,254.00
Jordan & Associates 11,987.31
Kline Industries 16,975.36
Cooper Manufacturing 6,020.18
Yacht Accounting Services 16,955.73
Total Accounts Receivable $ 68,956.22

Creative Performance Awards
Schedule of Accounts Payable
November 30, 2015

Boston Rocker $ 16,998.00
James Wholesale Jewelry 23,698.25
Smart Office Supply 798.30
Beaufort Sporting Goods –
Gem City Awards 17,888.20
Stuart Gourmet Gifts 482.55
$ 59,865.30


Creative Performance Awards
Bank Reconciliation
November 30, 2015

Balance Per Bank:
Balance, November 30, 2015 Bank Statement $ 53,242.19
Add: Deposits in Transit
November 30, 2015 14,277.53
November 30, 2015 4,732.46 19,009.99
72,252.18
Deduct: Outstanding Checks
Check # 4385 6,590.12
Check # 4391 216.53
Check # 4394 8,554.30 15,360.95
Adjusted Bank Balance, November 30, 2015 $ 56,891.23

Balance Per Books:
Balance, November 30, 2015 57,604.33
Add: Interest Earned 81.25
57,685.58
Deduct:
Service Charge 102.00
Recording Errors 692.35 794.35
Adjusted Book Balance, November 30, 2015 56,891.23


Use the December Bank Statement below and the November Bank Reconciliation to prepare the December Bank Reconciliation.

Dayton Community Bank
1235 Main Street
Dayton, OH 45402

Creative Performance Awards Checking Acct #555-00555-555-225
444 W. Third Street Account Statement as of: 12/31/15
Dayton, OH 45402

Beginning Balance Total Deposits Total Withdrawals Service Charges Ending Balance
$ 53,242.19 $ 80,906.71 $ 85,823.58 $ 55.00 $ 48,270.32

Deposits
Date Amount Date Amount
12/1 $ 14,277.53 12/14 $ 1,825.36
12/1 $ 4,732.46 12/16 $ 5,485.56
12/2 $ 14,847.00 12/19 $ 8,222.00
12/3 $ 7,254.00 12/22 $ 3,000.00
12/4 $ 16,616.62 12/26 $ 3,724.00
12/7 $ 900.00 12/31 $ 22.18 Interest Earned

Checks
Number Date Amount Number Date Amount
4385 12/1 $ 6,590.12 4401 12/15 $ 16,658.04
4391 12/3 $ 216.53 4402 12/11 $ 5,163.08
4394 12/3 $ 8,554.30 4403 12/20 $ 175.00
4395 12/5 $ 482.55 4404 12/19 $ 798.30
4396 12/5 $ 1,262.50 4405 12/15 $ 5,000.00
4397 12/6 $ 2,400.00 4406 12/15 $ 6,697.59
4398 12/10 $ 1,560.23 4409 12/30 $ 103.20
4399 12/10 $ 200.00 4410 12/30 $ 6,500.87
4400 12/12 $ 23,461.27



Hint: the first time you encounter each form or type of transaction (such as a check received, purchase invoice or payroll), carefully read the directions on how to handle that form or transaction in the instructions section. You may need to refer to the instructions often.
Kline Industries Form: 1
46 River Road Check No.
Dayton, OH 45402
Date December 1, 2015
Pay to the Order of Creative Performance Awards $ 14,847.00
Fourteen thousand eight hundred forty-seven and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Payment on Invoice 576 less discount

Form: 2
Purchase Invoice
Beaufort Sporting Goods
36 Hwy 278, Beaufort, SC

Sold to: Creative Performance Awards Date: 12/1/15
444 W. Third Street Invoice No: 459
Dayton, OH 45402 Terms: Net 30

Quantity Description Unit Cost Amount
15 Golf Bags $ 125.00 $ 1,875.00
15 Golf Club Sets $ 500.00 $ 7,500.00

Total $ 9,375.00
Customer Copy

Form: 3
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 1, 2015

Issue check 4395 to Stuart Gourmet Gifts in payment of invoice 65893.

Form: 4
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 1, 2015

Issue check 4396 to Dayton Community Bank for the monthly payment on
the long term note. The total payment was $1,262.50, of which $262.50 is interest.

Form: 5
Creative Performance Awards
444 W. Third Street
Dayton, OH 45402
Phone: 512-5454 email: [email protected]
Sales Invoice
Date: December 2, 2015 Sold to: GHC Financial
Invoice No: 581 568 Patterson Blvd
Terms: 2/10, n/30 Dayton, OH 45402

Quantity Item Unit Cost Amount
120 Jackets with Custom Silk Screen 56 $ 6,720.00
120 Caps with Custom Embroidery 12 $ 1,440.00

Total $ 8,160.00

Cost of Merchandise Sold: $3,260
Merchant Copy: for internal use only

Form: 6
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 3, 2015

Repeated attempts to collect on the July 14 sale to Cooper Manufacturing have
been unsuccessful. Write off this account.

Form: 7
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 3, 2015
Issue check 4397 for $2,400 to Assured Insurance Company for a 1-year business
and liability insurance policy. Coverage began on December 1.

Mason Community College Form: 8
14 Courseview Parkway Check No.
Mason, OH 45156
Date December 3, 2015
Pay to the Order of Creative Performance Awards $ 7,254.00
Seven thousand two hundred fifty four dollars and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Payment on Invoice 574

Yacht Accounting Services Form: 9
96 St Rt 725 Check No.
Dayton, OH 45459
Date December 4, 2015
Pay to the Order of Creative Performance Awards $ 16,616.62
Sixteen thousand six hundred sixteen and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Payment on Invoice 579

Form: 10
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 5, 2015
Issue check 4398 to State Tax Department to pay the balance in the Sales Tax
Payable account as of November 30, 2015.

Farrell & Associates Form: 11
96 St Rt 725 Check No.
Dayton, OH 45459
Date December 5, 2015
Pay to the Order of Creative Performance Awards $ 900.00
Nine hundred and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Rent on warehouse space for Dec. 2015 through February 2016

Form: 12
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 7, 2015

Issue check 4399 to establish a $200 Petty Cash Fund.
Make the check payable to Petty Cash

Form: 13
Creative Performance Awards
444 W. Third Street
Dayton, OH 45402
Phone: 512-5454 email: [email protected]
Sales Invoice
Date: December 8, 2015 Sold to: GHC Financial
Invoice No: 582 568 Patterson Blvd
Terms: 2/10, n/30 Dayton, OH 45402

Quantity Item Unit Cost Amount
5 Engraved Watches 200 $ 1,000.00
7 Gold Necklaces 100 $ 700.00
7 Pendants with Company Logo 35 $ 245.00

Total $ 1,945.00

Cost of Merchandise Sold: $1,070
Merchant Copy: for internal use only
Form: 14
Purchase Invoice
Smart Office Supply
26 Main Street, Dayton, OH

Sold to: Creative Performance Awards Date: 12/8/2015
444 W. Third Street Invoice No: 66982
Dayton, OH 45402 Terms: Net 30

Quantity Description Unit Cost Amount
1 Ink Jet Printer #345G $ 90.00 $ 90.00
Note: Charge to Office Equipment including sales
tax
Total $ 90.00
Customer Copy

Form: 15
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 9, 2015

Issue check 4400 to James Wholesale Jewelry in payment of invoice 659 less the
credit memo and the discount.

Form: 16
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 9, 2015

Issue check 4401 to Boston Rocker in payment of invoice 3402 less
the discount.

Form: 17
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 10, 2015

Issue check 4402 to Dayton Community Bank in payment of the federal income tax
payable and FICA tax payable as of November 30, 2015. The bank will remit the
funds electronically to the appropriate taxing authority.

Form: 18
Credit Memo
Beaufort Sporting Goods
36 Hwy 278, Beaufort, SC

Sold to: Creative Performance Awards Date: 12/10/2015
444 W. Third Street Invoice No: CM459
Dayton, OH 45402

Quantity Description Unit Cost Amount
2 Golf Bags $ 125.00 $ 250.00

*reason for return:
broken zippers

Total $ 250.00
Customer Copy

Kline Industries Form: 19
46 River Road Check No.
Dayton, OH 45402
Date December 13, 2015
Pay to the Order of Creative Performance Awards $ 1,825.36
One thousand eight hundred twenty five and 36/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Payment on Invoice 580

Form: 20
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 13, 2015

Issue check 4403 to HG Electronics for the purchase of
a computer monitor, $175.00.

Form: 21
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 14, 2015

Issue check 4404 to Smart Office Supply in payment of invoice 59387.

Form: 22
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 15, 2015

Issue check 4405 for $5,000 to Jeff Jones for personal use.

DEPOSIT TICKET Form: 23
Dayton Community Bank
1235 Main Street Cash $ 3,589.23
Dayton, OH 45402 Checks $ 1,896.33
Date: December 15, 2015
less Cash Received
From: Creative Performance Awards
Acct # 555 00555 555 225 Total Deposit $ 5,485.56
* Note: the above deposit ticket represents cash sales for the first half of December.
Sales totaled $5,126.69. Sales tax collected was $358.87. Cost of merchandise sold was $2,218.34.

Form: 24
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 15, 2015

Issue check 4406 to Payroll for the pay period ending December 14, 2015.
Hourly employees worked the following hours:
Donna Collins 86 Hours
Jackie Moore 84 Hours

Form: 25
Purchase Invoice
Gem City Awards
56 Jefferson St – Dayton, OH

Sold to: Creative Performance Awards Date: 12/16/2015
444 W. Third Street Invoice No: 720
Dayton, OH 45402 Terms: Net 60 Days

Quantity Description Unit Cost Amount
20 Desk Sets $ 28.00 $ 560.00
30 Engravable Plaques $ 17.00 $ 510.00

Total $ 1,070.00
Customer Copy

Form: 26
Creative Performance Awards
444 W. Third Street
Dayton, OH 45402
Phone: 512-5454 email: [email protected]
Sales Invoice
Date: December 16, 2015 Sold to: Yacht Accounting Services
Invoice No: 583 96 St Rt 725
Terms: 2/10, n/30 Dayton, OH 45459

Quantity Item Unit Cost Amount
5 Golf Bags w company logo 250 $ 1,250.00
5 Golf Club sets 850 $ 4,250.00

Total $ 5,500.00

Cost of Merchandise Sold: $3,125
Merchant Copy: for internal use only

Gibson Industries Form: 27
26 Miller Lane Check No.
Dayton, OH 45413
Date December 17, 2015
Pay to the Order of Creative Performance Awards $ 8,222.00
Eight thousand two hundred twenty-two and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: $8,000 Note plus interest

Form: 28
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 19, 2015

Issue check 4407 for $567 to Dayton Power and Light for the electric bill.

Cooper Manufacturing Form: 29
88 S. Dixie Dr Check No.
Dayton, OH 45402
Date December 20, 2015
Pay to the Order of Creative Performance Awards $ 3,000.00
Three thousand and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Bankruptcy settlement

Form: 30
Creative Performance Awards
444 W. Third Street
Dayton, OH 45402
Phone: 512-5454 email: [email protected]
Credit Memo
Date: December 20, 2015 Sold to: Yacht Accounting Services
Invoice No: CM583 96 St Rt 725
Terms: 2/10, 3/20 Dayton, OH 45459

Quantity Item Unit Cost Amount
2 Golf Club sets $850.00 $ 1,700.00

Total $ 1,700.00

Cost of Merchandise Sold: $1,000.00
Merchant Copy: for internal use only

Form: 31
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 21, 2015

Discarded old computer equipment that originally cost $1,780.00. The
accumulated depreciation as of December 1, 2015 was $1,200. Record $80 of
depreciation for 2015 prior to removing the equipment from the books.

Form: 32
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 23, 2015

Issue check 4408 to Midwest Bell for $140. This bill is for December telephone ($50)
and internet access ($90).

Yacht Accounting Services Form: 33
96 St Rt 725 Check No.
Dayton, OH 45459
Date December 24, 2015
Pay to the Order of Creative Performance Awards $ 3,724.00
Three thousand seven hundred twenty-four and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Invoice 583 less credit memo and discount

Form: 34
Purchase Invoice
Stuart Gourmet Gifts
598 Kemper Ave – Cincinnati, OH

Sold to: Creative Performance Awards Date: December 24, 2015
444 W. Third Street Invoice No: 71256
Dayton, OH 45402 Terms: Net 10 EOM

Quantity Description Unit Cost Amount
50 Serving Sets $ 23.00 $ 1,150.00

Total $ 1,150.00
Customer Copy

Form: 35
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 28, 2015

Issue check 4409 to Petty Cash to replenish the petty cash fund. Receipts showed the
following were paid from petty cash: delivery expense, $68.20 and pizzas, $35.
The pizzas were order by the owner as a treat for office workers.

Form: 36
Creative Performance Awards
444 W. Third Street
Dayton, OH 45402
Phone: 512-5454 email: [email protected]
Sales Invoice
Date: December 28, 2015 Sold to: Kline Industries
Invoice No: 584 46 River Road
Terms: 2/10, n/30 Dayton, OH 45402

Quantity Item Unit Cost Amount
75 Mugs with company logo 15 $ 1,125.00
200 Shirts 35 $ 7,000.00

Total $ 8,125.00

Cost of Merchandise Sold: $3,920
Merchant Copy: for internal use only

Form: 37
Purchase Invoice
James Wholesale Jewelry
17333 Broadway, New York, NY

Sold to: Creative Performance Awards Date: 12/29/2015
444 W. Third Street Invoice No: 896
Dayton, OH 45402 Terms: 1/30, n/45

Quantity Description Unit Cost Amount
12 Gold Chains $ 50.00 $ 600.00
3 Watches $ 130.00 $ 390.00

Total $ 990.00
Customer Copy

Form: 38
Creative Performance Awards
Interoffice Memo
To: Accounting Department Date: December 29, 2015

Issue check 4410 to Payroll for the pay period ending December 28, 2015.
Hourly employees worked the following hours:
Donna Collins 80 Hours
Jackie Moore 82 Hours

DEPOSIT TICKET Form: 39
Dayton Community Bank
1235 Main Street Cash $ 4,812.36
Dayton, OH 45402 Checks $ 5,897.00
Date: December 30, 2015
less Cash Received
From: Creative Performance Awards
Acct # 555 00555 555 225 Total Deposit $ 10,709.36
* Note: the above deposit ticket represents cash sales for the 2nd half of December. Sales
totaled $10,008.75. Sales tax collected was $700.61. Cost of merchandise sold was $4,982.60.
Rogers Dance Studio Form: 40
50 Main Street Check No.
Centerville, OH 45459
Date December 31, 2015
Pay to the Order of Creative Performance Awards $ 700.00
Seven hundred and 00/100 Dollars
Dayton Community Bank
1235 Main Street
Dayton, OH 45402
Memo: Purchase of used office equipment

*Note: the above check represent payment for office equipment sold to another business. The original
cost of the equipment was $2,000. The equipment was being depreciated straight-line over 5 years with a
$100 residual value. The equipment was purchased Jan. 5, 2012. Record depreciation for the year 2015
and the sale of the equipment.

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