Snow Shop Practice Set
Check Figures
Journals:
Sales Journal Total Sales: $121,590.00
Purchases Journal Total Credit to Accounts Payable: $49,147.75
Cash Receipts Journal Total Debit to Cash: $167,937.64
Worksheet:
Totals of Income Statement Columns : $196,057.60
(Note: the worksheet is not optional)
Financial Statements:
Cash Balance: $126,650.79
Owner’s Equity Balance: $250,151.39