KIC Document 0001-2

SALES

Kramer approvescredit and initialsapproval on CUg.

purchase order(credit sales only)

Note partial shipmentsand out -ot-stock itemsfor subsequent back-

order shipments

Receive customerpurchase order

Shipping and Billing(Nancy Ford)

For cash sales, seecash receiptsflowchart firs:

Serves aspackingslip

Customerpurchaseorder

Pick items frominventory am

fill order

Gust purch. order

Bill of lading 2

Bill of lading

To customer withmerchandise

NoteWaren uses different invoices for cash sales than forcredit sales. The two types of documents are slmtar andthe two types of sales transactions are processedsirnlarty, except where shown in the ftowcharts.

18

File DescriptionN = NumericallyC = Customer

Consult current~-----1 price liS:. See

note below

Adams reviews invoice1.-------1 and support documents

for accuracy.Initials invoice

Gust urch. orderSales invoice 4

Sales invoice 3

Sales invoice 2

Sales invoice

Bill of lading 2

1Bill of lading

To customerwith freightearner

Mailed tocustomer

SALESAccounting(Jim Adams)

Bad DebtWrite-Off

(Ray Kramer)

Identifyuncollectible

accounts receivable

--IIIIIIIIIr-----IIIIIII

CashCash

or creditsale?

Generaljournal

Credit Make entry ingen. jour. andace. rec. sub.

ledger, andinitial both

SalesjournalI-

II

--------1I1

1

1

1-

Accountsreceivablesubsidiary

ledger

NoteThe provision for bad debt expense is doneas part of Waren's year-end procedures.

Cust. purch. orderFile DescriptionC = CustomerBill of lading

2

Sales invoice

Documentsattachedtogether

19

SALES RETURNSAuthorization(Ray Kramer)

Receive retumrequest

Retum request

Reviewdocuments,approve and

initialcredit memo

File DescriptionN = Docurrents attached & filed

numerically (chronologically)NT = Nurrerically, terrporary

CheckReturn request

Receiving report

2Credit memo

Accounting(Jim Adams)

Return request 1

Receivingreport for

returned sale

21

Credit memo

Cashdisbursements

journal

Sa les journal

Accountsreceivablesubsidiaryledger

2Credit memo

Tocustomer

20

DocumentsI+---------l attached

together

CASH RECEIPTSReceipt of Cash(Jim Adams)

Checks received forcash sales inclufecustomer purch, ord.

Only collections on ace.ree. get posted to sub-sidiary ledger

Receive check

Check

Deposit(Ray Kramer)

Adams ist- - - assisted here

by Ford

Check

Cash receiptspre list

Cashreceiptspre list

r-II--...,IIIl_

Cashreceiptsjournal

Accountsreceivablesubsidiaryledger

Check

Check

Bankdepositslip

To bank,each day cashis received

Receive validateddeposit receiptfrom bank

DepositValidation(Nancy Ford)

Depositreceipt

(validated)

Cash ree. relist

Depositreceipt

(validated)

Pulled monthlyfor bank recon-ciliation process

File DescriptionNT = Numerically, temporary

21

PURCHASES ON ACCOUNTPurchase Order(Nancy Ford)

Receiving(Nancy Ford)Receive goods fromvendor/returns from

customer

Receive oralrequisition

~----1 See noteAbelow

Purchase order 21

Purchase order

Purchase

Receiving reportfor purchase

A roved P.O. 21

Approvedpurchaseorder

To supplier(vendor)

File Descriptionvr ; Vendor, temporary, by due datevrc; Vendor, temporary, chronological

Note ATo show evidence of a transfer of ownership, a copy ofa bill of lading normally would accompany goodsreceived. This copy is not included for rrerchancisereceived in this project because the decurrent wouldhave been prepared by the vendor rather than anyWaren personnel. However, a bill of lading is preparedfor each of Waren's shiprrents to customers.

22

ReturnReceivingreport for

returned sate

Fixed assetsob. ledgerrecord

Documentsattachedtogether

Receivin re rt2

Approvedpurchase order

Yes

Accounting(Jim Adams)

Receivin re

Vendorinvoice

Isacquisitiona fixedasset?

No

Approved P.O, 2

Receivin re rt

Vendorinvoice

Receive invoicefrom vendor

Vendorinvoice

Purchasesjournal

Accountspayablesubsidiaryledger

CASH DISBURSEMENTS

Cashdisburse-mentsjournal

Accountspayablesubsidiaryledger

Payments on Account

(Jim Adams)

Vendorinvoice

Approved P.O. 2Receivi re rt

Vendorinvoice

A roved P.O. 2Receivin re rt

Vendorinvoice

(Ray Kramer)

Cash Purchases andOther Cash Payments

(Jim Adams)

Receive invoicefrom vendor

Vendor invoice

Check

A roved P.O. 2Receivi re rtVernor invoice

Check

Cashdisburse-mentsjournal

Check

CheckVendor invoice

Tovendor

File DescriptionV = VendorVT = Vendor, temporary, by due date

23

PAYROLLTimekeeping(Jim Adams)

Collect time cards

Timecard

Calculatepayroll

Enter payrollin payroll

joura! amemployeeearnirgsSLtJsidiary

, Completedtimecard

24

File DescriptionN = Numerically (chronologically)

Notes1. Payroll is prepared sernrmnthly.2. Payroll disbursements are posted to the General

Ledger from the Payroll Joumal, not the CashDisbursements Joumal.

Kramer approves~---j hours am initials

time card

Wage and salary!+_--j information located

in employeeearnirgs subsidiary

Payrolljourral

---,IIIIIII

--"'1IIIIIIIII

Cashdisbursements

jourral

Employeeeammssubsidiaryledger

Payments(Jim Adams) (Ray Kramer)

Payrollcreek

IIIIIIIII1 _

Sigredpayrollcreek

Toemployee

Employee signstime cardackrowledgingtous ardreceipt of check

s

Dd. I \?alanc.e for\>lard 4 q4 5 I 00 Nfoa. "31 '5 ev :II400./ £:.\2- :J4t3 V q 00 V 1:1qv 00 Nf

Nov. "30 '5 t3 :1'2-V 00./ £:.\2- :1505 400 '2-40 05 00 Nf

'17PL rLl co ,\v, J\ '1Ob.../

\/ (,J( 1, 'Z.Ie (l: DD "1- l-\ 'f ~tYD lIF\I :JI./f;:;; " .A. / P/IA.c.~J,~",( , (-f 1.- ,Q- ,,~ 7_HI U!:'"

Journal Debit CreditDebit

BalanceCtrlInit

GENERAL LEDGER

Dc.t. I \?alanc.e for\>lard 4440 5"3oa. "31 £:.\2- I I0 t3 q 5 v4./ co qe3 04"3v./ Net Walle5 and '5alar'o/ 1'\2- 10v I I qe./ \?anl: '5ervic.e £:.harile &. 500 45ev 1 e"3

Nov. "30 £:.\2- e'2-I 13 5v./ £:.D 441 e I 0"3./ Net Waae5 and '5alar'o/ 1'\2- 105 qq oe./ \?anl: '5ervic.e £:.harne &. '2-I 00 3 1:14 '2-e

1],0.(, .1, I CR I 1, Plo~"f'A7 1'S/..! .., 92,

1..,.:t\.\,~Pl <b. ~ /("~ fit III '1''1., -11,»...k If. . h iIT.-".~L f'A 01 Ji. J+.4,


Balance10100 - CASH

10200 - ACCOUNTS RECEIVABLE

Dc.t. I \?alanc.e Forvard Ih 50 el11lc c, l"}o] I~ ,t#'-'K\"(\ANrr6.1' ......nlf~r~'lJr c " .r

147e.L- I'H All. "ci" 11 ....J":..~;t. I' f11'1( 6t4 I'ilt""0I~-I

Journal Debit CreditCredit

Balance10300 - ALLOWANCE FOR DOUBTFUL ACCOUNTS

Dc.t. I \?alanc.e for\>lard I0 I el 00'\)jJ I' 1"7\ c .f,4 1" ..."., '70(~II~MIq~ 9t. ()(>v I


Balance10400 -INVENTORY

25

oa. I l:7alanl.e Forward f3 '-0!P!P1.; 00 NFI.h~l' 1''0 1.1, ~ IUJ~ 17 \

J ' .- I-:ll.z '5L- ~I~1M I U'f'1-170 r \~ 1f"1\~&... Jt;,rl ,

I 9 t'X> ItJr


BalanceCtrlInit

GENERAL LEDGER

10500 - PREPAID EXPENSES

oa. t l:7alanl.e Forward -0 -Journal Debit Credit

DebitBalance

10600 - MARKETABLE SECURITIES

oa. t l:7alanl.e Forward '-4 00 000Journal Debit Credit

DebitBalance

10700 -INTEREST RECEIVABLE

Dd. I l:7alanl.e Forward -0 -

,

Journal Debit CreditDebitBalance

10800 - FIXED ASSETS

26

oa I e>alanc.t Forward 1 0 515"3 NFoa. "31 1> 551q 1-050J C-D 51-~ 1 1- 5"3 4(, "3550 NF

Nov. "30 1> 1-11q "350qJ C-D 1-51q 1-"3 5'1 "3(, 000 NF

lJ>ar 1'1. \ V f1I" II r:;"vi C-D ~jl~ the ~t1IJ n Ie) I \,~

Journal Debit CreditCreditBalance

CtrlIn it

GENERAL LEDGER

oa. I e>alanc.t Forward 515 I.; 50 NFI" 7/J ro'ror. C ft-.r .l0 kzll c; r.t -c

IfllUl /l.,\ A .""" 'A.rr _ 1ti: - 1..-0 \"'1.., I Ih/.t11 b~llrt I<jo W,


BalanceCtrllnit

10900 - ACCUMULATED DEPRECIATION

Oc.t. 1 e>alanc.t Forward -0 -Journal Debit Credit

DebitBalance

11000 - NOTES RECEIVABLE

20100 - ACCOUNTS PAYABLE

Oc.t. 1 e>alanc.t Forward - 0---;(,.&'G [XI,


20200 - WAGES AND SALARIES PAYABLE

27

GENERAL LEDGER20300 - FEDERAL INCOME TAXES WITHHELD

Oct, I e>alana. Forward I'j Itj ~ooa. "31 C.D I tj I ~o./ f'F- Itj tjq "3"3 Itj tjlq "3"3

Nov. "30 C.D Itj ltilq "3"37 f'F- Itj 1(, 01 Itj 1(, 01

I {Jd r "L\ r_17 11'1 IIIt 1 ..... "'1'II -1712 11 I>b 1,,1 II n 1~1k.1,


Balance

20400 - STATE UNEMPLOYMENT TAXES PAYABLE

Od. I e>alanc.e Forward -0-oa. "31 &. 44rq~ 44 Iq~Nov. "30 C.D 44 q~./ &. tj 00"3 tjo 0"3

flp r ~ en ;::or,tieL -;:,\ G 1'Ii .r>, , ..


Balance

20500 - FEDERAL UNEMPLOYMENT TAXES PAYABLE

Od. I e>alanc.e Forward -0-Oc.t. "31 &. 113 "3"3 1 "3 "3"3Nov. "30 CD I "3"3./ &. 14 ~2- I4 ~2-

l.r)h!' "3\ (''') 11 IIJ!:.V G - i1~y.,i, 17.11. 0<:-,


Balance

20600 - F.I.C.A. TAXES PAYABLE

oa. 1 e>alanc.e Forward Ih4 tj (,2-Oc.t. "31 C.D III4 tj (,2-./ F.I.c.p...Withheld f'F- 10 o ~ 2-"3./ t.mI>Io'ler'f, Ta'1- &. 10 o ~ 2-"3 2-01 (,4(,

Nov. "30 C.D 2-0 1 (, 4(,./ HC..p... Withheld f'F- 10 013 tj~./ t.mDlo'ler'f, Ta.,. &. 10 0'3 tj~ 2-00 II 1(,[email protected] ~I 017 tit) b'.' ,,-'I'...!.. U /H 'VR. II I I ~11l,1.

.v """""L ...... ~ ---.£ c: I J l 'l :;'1.- ~1-~~ bI1


28

29

GENERAL LEDGER

oa. I I?alaol.e. Forvard -0 -Journal Debit Credit

CreditBalance

20700 - FEDERAL INCOME TAXES PAYABLE

Dd. I I?alaol.e. For\'lard -0 -Journal Debit Credit

CreditBalance

20800 - DIVIDENDS PAYABLE

Dd. I I?alaol.e. For\'lard - 0-Journal Debit Credit

CreditBalance

20900 - INTEREST PAYABLE

oa. I e>alaol.e. For\'lard -0 -1 , '119 1J6-te 17/. A •• H_ f'c </.1' 0 o 00<'> Ir: IJ0 0• - I


21000 - NOTES PAYABLE

GENERAL LEDGER26000 - COMMON STOCK

Od. I e>alanc.e Forward 1212 50 00 00Journal Debit Credit

CreditBalance

27000 - PAID-IN CAPITAL IN EXCESS OF PAR

Od. I e>alanc.e Forward - 0-Journal Debit Credit

CreditBalance

28000 - INCOME SUMMARY

Od. I e>alanc.e Forward -0 -

,

Journal Debit Credit Balance

29000 - RETAINED EARNINGS

Od. I e>alanc.e Forward Iqo I2Lo 41 'i'iJournal Debit Credit

CreditBalance

30

31

GENERAL LEDGER

De.t. I e>alan£.e Forward \31-v~v 500oa. 31 C-redit 'bales 'b ~vl1l 400./ C-ash 'bales C-\l. 3vvO 100 145 Ol~ vOO

Nov. 30 C-redit 'bales 'b v01-1 1 oo./ C-ash 'bales C-\l. 111v100 15 1~1-3000

Va-I!.- 71 I'~ .O:-J 7",,,, < iHl 1a >

(5/- r .: ..I CR -cl~ \ ~ ') b l!1""l 00~ , .


Balance30100 - SALES

oa. \ e>alan£.e Forward 134vI hODNov. 30 s 1-3o I400 5h v3 \ 0041~0 1,.-11 c; !qt> COD I&: I t \ \ 1\ C

Journal Debit CreditDebitBalance

30200 - SALES RETURNS AND ALLOWANCES

oa. 1 e>alan£.e For\'lard I~ ~5 v3~ca. 3\ C-\l. 5~ 03v 14 41:lv14Nov. 30 C-\l. ho 1144 I5 14 4 I~neG I "l, \ ce; }{, "" 11'1 14 ,~kl


Balance30300 - SALES DISCOUNTS TAKEN

D£.t. I e>alan£.e Forward -0-'O,..e- R\ rf"'lr'-iA I.I ;, 15i1

" I f


Balance30400 - COST OF GOODS SOLD

GENERAL LEDGER

40100 - RENT EXPENSEJournal Debit Credit

DebitBalance

Oct. I e>alanc.e For\'lard 4~12 0000De.t. 31 C-D 4 50 000 450 0000Nov. 30 C-D 4 50 000 5:2-50000'~&r 1'1, f!.-n II nb ()() 1-11 1,...1 .. 00

40200 - ADVERTISING EXPENSEJournal Credit

DebitBalance

De.t. 311303000

Debit

Dc.t. I e>alanc.e Forward

Nov. 3045?-500

(\J7

40300 - OFFICE SUPPLIES EXPENSEJournal Debit Credit

1155500:2-050500

DebitBalance

De.t. 1 e>alanc.e For\'lard 35 15 41oa. 31 'P Iq 5 550 45 04 :2-1Nov. 30 l' 55 5 oq 50 (,:2-30l-nut l-u "17 l,..- e' Ie, Ii, fI, \ At,

,

40400 - DEPRECIATION EXPENSEJournal Debit Credit

DebitBalance

De.t. 1 e>alanc.e Forvard -0 -l-no.f '?Jl °lo~ ~, l r IIlI.,..I, VI,"

\/ 11 I,/; II/I'" lD Iq r;r-,/ I {' J '" L_7""", '1."1, ~ let _1,.- -

D {I

34

Od. I t?alantt Forvard 10 012el ?-?- NfDct, 31 'PIl- 13 11 Itll54 1 I34 (,0 111 NfNov. 30 'P~ 13 1 IIS!13 12 Iq'I 4q Nf

1"1,. f. '....1 117« i""

QIL~ Il1I If 19- St.11.4" II v.~ .

Journal Debil CredilDebil

BalanceClrlInil

GENERAL LEDGER40500 - WAGES AND SALARIES EXPENSE

Del. 1 t?alantt For\'lard S!I(, \ t,;?-oa. 3\ b- 10 (,(,154 01", '" 0(,Nov. 30 b- 10 (,e 43 1 012 'I 4q17(i( 111 r: I I1I'lfl IIs~-'l./C-.


Balance40600 - PAYROLL TAX EXPENSE

Ott. I t?alantt for\'lard -0 -Journal Debil Credil

DebilBalance

40700 - FEDERAL INCOME TAX EXPENSE

Ott. I t?alantt Forward -0-\)fl(' , 'I.}.. I.;j;' (; ..LNo. II 9- '11/ IJ-r-t Uv r


Balance40800 - INTEREST EXPENSE

35

GENERAL LEDGER

40900 - BAD DEBT EXPENSE


BalanceOd. 1 f>alanc.t forward -0-1..\1.1' 11"1.,\ '<fYll JVY<t) t~ ro. fM'\ I~II rr

41000 - OTHER OPERATING EXPENSE


BalanceOd. I f>alanc.t forward Ih~eo 14Od. '31 &. ~ 00./ l' 13115000./ LD 11'1 e ~I ~1354 0'35Nov. '30 &. rJ. I 00./ LD 11711 v5 ~5 ~5 00I-t7Pr" '1\ o. rJ 'l "J()'J rfJ 1"1~11~1fv:Ie';

I I'D \ fi: 1-':> n.", rl Ill: 7<;

Journal Debit

Journal Debit

Journal Debit

36

Credit Balance

Credit Balance

Credit Balance

37

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

252 'VELOCITY SPORTING GOODS1285 Colgrove Ave.Pierre, SO 57501

TERMS' 2/10 Net 30 FREIGHT' Collect,Date Description Debit Credit Balance

Od. I e>alanc.e Forward -O-Dd .. 15 Vendor Invoice #"3:1-401 ~I :1-~1'1 00 ~I :1-~'100Od. 14 C.hec.\: ~111:1- ~I :1-~r:; 00 -0-Nov. 3 Vendor Invoice ~33311 :1-113~000 :1-113~ 000Nov. 13 C.hec.\: ~1I:1-5 :1-h~~O 00 -0-Dec.. I.; Vendor Invoice ~33%'; 3(, , I I., 00 3(, 1 I 00o«. 13 C.hec.\: ~1I4:1- 3(, I I '100 -0-,t,., r 1M I \Jp ,uf_J, "r..l""-, I! bi'b ~H)00, r'l. "If'\. DOe/;r)"r. 1"'7: (,J. h ...f::t' 11~1 119i~+(>00 -~,

253 CHICAGO OFFICE SUPPLY1411 E. MichiganChicago, IL 60606

TERMS' Due on receipt of invoice FREIGHT' No Charge

Date Description Debit Credit Balance

oa. 1 e>alanc.e Forvard 10 B1 ~3Od. 1 C.hec.\: ~1111 10 ~1 B3 -0-Oc.t. Iq Vendor Invoice ~:1-II:1- q~ 1'1so 'q~1'1 soNov. ~ C.hec.\: ~IIM II{~., ~O -0-Nov. :1-1 Vendor Invoice ~:1-:1-1'; ~ oq ~ oqNov. :1-3 C.hec.\: ~113(, 1.;15s 01{ -0-Dec.. 1:1- Vendor Invoice ~:1-344 13(,n 00 13 (,n 00Dec.. 1:1- C.hec.\: ~1141 113(,100 -0-I.f)or. 1ft? \ JeA ' ",.,/ J.

~ ,..¢:f '1 :'I,1~ '5'7 rl~ 5'5 91~hor ~I \ J/l 'non '. ~ /) ..lVI....." '5'"1&00 ~ 1 I l«'

261 GILLETT CONSULTING5613 Lantern ViewChicago, IL 60612

TERMS' Net 30 days


Oc.t. I e>alanc.e forVlard -O-Dd. 3 Vendor Invoice ~~BM 3(, ")0 00 3(, ")0 00

406 ROSEMONT UNIVERSITY121 E. FrontLouisville, KY 40202 CREDIT LIMIT $125000

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

,Date Description Debit Credit Balance

Dd. I e>alane.e Forvard -I t: I-De.\. (, Invoice #1~~ 1 Ie I1200 11qle II~ ocDe.\. 14 'Pa"ment #1~~ 1:2[qIe I 00 -I c I-Nov. 1 Invoice #1~4 ''''I~ILl t. 00 11~ILlc ocNov. 11 Pasment #1~4 I:21A 00 -lc I-o«. ~ Invoice #1~1 11IA 00 I L 11I~ ocDee.. q 'Pa"ment #1~1 I~ I1 00 -Ie

407 CLAYBORN UNIVERSITY13210 S. UptonLogansport IN 46947 CREDIT LIMIT $125000, ,


oa. I e>alane.e Forward -0-o«. 1 Invoice #l~e 111J'i1200 11:2I.: 00Dee.. 14 Pavment #l~e 1~ 1:200 -0-~ \q , M "6 i On "*' 11"l lie: 11IHJO l .I,.. jew

.

408 BRANCH COLLEGE242 W. Holt RoadTrenton MO 64683 CREDIT LIMIT' $100000, ,


oa. I e>alane.e Forward 4(,1.: , ocOct. 1 Pasment #1~1 41'i3 I': 1 00 11:20 o orNov. 10 Invoice #1~'i 31:2lqI 00 341 111oeNov. Ie Pasment nit; 31:2lq11:200 11:20 o orDec.. 13 Invoice #130 1(, Iii (,00 1:2el'i (,ocVee. 1.'J 17.'" ••• q-j ....,'A,'" oP -r :" r., ( Ie blO( I " 0 -'!t'..o

38

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

409 UNIVERSITY OF SOUTHERN IOWA1231 S. CedarDubuque. IA 52003 CREDIT LIMIT: $100.000


oa. 1 e>alanc.e Forvard -0-

39

410 EASTERN WISCONSIN UNIVERSITY14123 W. SaginawMadison WI 53702 CREDIT LIMIT: $75000

•.


Dd. 1 e>alanc.e Forward -0-Nov. 14 Invoice #11-(, 1-41'10Iii 00 1-4 OIl; 00Nov. 1-1 'Partial 'Pa..,ment #11-(, 00 000 Ilq Oil; 00o«. I 'I Invoice #11-'1 1-1 e1 I~00 41 11 100I{lnc II 1-1 I' ItA A- r(...- 1/. ill 000 11!1~ ~1100.11"'12/C 1L v,,,-r- ..l {}t...""".~ ¥ 1;' "j I~I,..il"11100 11- '],lj 76C

411 STEVENSON COLLEGE2689 Industrial BoulevardChicago IL 60614 CREDIT LIMIT' $75 000, ,


Dc.t. 1 e>alanc.e Forward 11-'I0000oa. 1-4 Invoice #11-'3 .,1 (,1'1(,00 (,0 '1(,00Nov. 1 Return for C.redit #C.M-41 1-'30 1400 '31 t;e1- 00Nov. 1 Pasment #11-'3 '34(, e200 2'1 0000

//p(' '7-J {kr,.,(/n·-tt,},;i:-- (f'lDMJ> ._•..It"r",..... "'9 0"> M -0-, -, 7.

PAY RATE HISTORY

Pay Time Filing Withholding Effective ApprovedRate Unit Status Allowances Date By

\

Ray Kramer $3,400.00 semimonthly M 2 12/16/11 ~t::$3!J]00 semimonth Y. M 2 12/16/1 ~t:::h b fA- "Z- It lb ( Rl<

Jim Adams $20.00

$21.00([.7,

hourly

~

ss;2

2

2'1,...

12/16/11

12/1i/1il-z.-fA, I:'

Nancy Ford $17.00

11>M

t13~

10/1/13 Hire date, ~t::l1-1r b/ I":J R.l<,

---------------------------------------------------------------------------------------------

EMPLOYEE EARNINGS SUBSIDIARY LEDGER

Employee's Name Ray Kramer Soc. Sec. No. 36S-73-2376Home Address 417 Cherry, Chicago, 60912 Phone No. ---'7-"Sc'C1-"'3""S6""S'----- _Employed 4/6/02 Date of TerminationDate of Birth 2/15/70 Occ P f Mu a Ion anager

Date Hours Worked

FederalPeriod Regular Overtime Gross Income NetEndi~g Paid Hours Hours Pay F.I.C.A. Tax Pay

10- 0 1 - 13 It I ,I. e II d (,3 00 000 4s 11'150 1 50 1S I~01~1~1111-

10- 15 - 13 10 - I 5 - 13 350 000 1-(,1 15 44 1 11 11'105410-3 1 - 13 10 -'3 1- 13 31r:;0000 I~(,1 15 44 1 11 I~1110154

I/J I m ul Jl i vii il, a T t a I 10 00 000 I.:31'511i00 SS3 41-0 Iii Iii S 10 so

1 1- \ 5 - 13 1 1- \ 5 - 13 350 000 1-(,1 15 44 1 11 1:2 11'10 54\ 1- 3 0 - 13 1 1-12 'I - 13 350 000 1-(,1i 1li 44 I 11 11~01'54

1/1 I m ul i vi. i I .1 I T t a I 11 00 000 5SI~ 0 50 1'11 \ 1 (,1- (, 1?I~ 1 SS

11--\ 5 - 13 11-- \ 3 - \3 350 000 1-(,!i 15 44 1 1\ 1-1'10 54L ~ J~ I - 11: lOY ~l 11 "rd: N rJ.l!li IoID It"It b1 1 S~rT9~

1\b o~ ~Il-\?l \t) ~DI'J."fA t;lb~~1£l

40

EMPLOYEE EARNINGS SUBSIDIARY LEDGER

Employee's Name TimAdams Soc. Sec. No. 379-54-9833HomeAddress 2522Longfellow, Chicago 60823 Phone No. ---"3",,5",,-1--,,5,,,87,-,4~_Employed 1/16/09 Date of TerminationDate of Birth 10/1184 Occupation Accounting Clerk

Date Hours Worked

FederalPeriod . Regular Overtime Gross Income NetEnding Paid Hours Hours Pay F.I.C.A. Tax Pay

10- 0 I - 1'3 2 I e d 1'31121llI ?-?- l1-e 5120?- 50 'I I 05 12'1'3 '312 15

10- I 5- 1'3 10- I 5- 1'3 eeoo I IIIfj . 1-1212I 'II I' 'I '11 '3120 5?- 11 I 4?-10-"3 I - 1'3 I 0- ~ , - 1"3 'I (,00 e15 1-2 q 1 (,'3 11'i '31 '3 "31 '15 111 e "31

c mu \ a ~ e a T 2 \ 41 1'114 1(, '31 '11 '30 51 4'1 5?- "3?-e 1 '14

1 I - I 5 - 1'3 1 I - I 5 - 1'3 II 00 1?-ee 1-21:1.,.1?- 11?- 41 '3 21ll 41 11 51-MI I - "30- 1'3 I 1-2 'I - 1"3 eo 00 10'54 2 lJ II" 01 I 'i1'3 'II 2 {jIll04 l'i '100(,

IT U \ a T \ 4(, 0 04'1 '3 '3 (,1- (,"34(,0"3 '<I{jI '10M

112- IIe - 1'3 112- I "3- 1"3 eo 00 511 1elL I 1(, 11~124'3 12'3lc 4e 114 I~e51--; I-t t lC ~I- ~f 1[1 I ;1",Dc rh~ I~1J1~I" 0'1 I, gb (, I I' S ()"~ II~ _'1-'2-

~11. (, I ~-.:: 1'1 " It:19" 511 2-7

Employee's Name Nancy Ford Soc. Sec. No. 367-55-4832HomeAddress 1018Whittier, Chicago 60823 Phone No. ---"3",5",,1-~5,,,,25,,-,1~_Employed 10/1/13 Date of TerminationDate of Birth 5/22/80 Occupation Clerk

Date Hours Worked

Period Regular OvertimeEnding Paid Hours Hours

10- o I - 1'3I~ e d

10- I 5 - 1"3 10 - 15 - 1'3 4eoo10- "31 - 1'3 10 - '3 I - 1"3 5000

r·l m ub Iv e fr ~ a T Ia \

I I- 15- 1'3 I 1-15 - 1'3 4'1001 1- "30- 1'3 1 I -12 'I - 1"3 II> 000

r. m u\ a 'Iv e f. r h T a \

112- I 5 - 1"3 112- 1'3 - 1'3 eo 00 1?-'3\l- 1'1,1/ I~ [h ~I" ('l, i'1~Do rsb'.l

FederalGross Income NetPay F.I.C.A. Tax Pay

-0- -0- -0- - 0-

1(,00 1(, 4?- 10?- 14 It. 5(,e5000 1(,50'3 l04?- 11 55114(,(, 00 111-145 1144 1';2 I 1I

ll'3'300 1(,"31'3 e 1?- 1{j 055102000 1 0'3 11-14?-

,1/ I 455

"351'100 121(,'I ?-I 5 "35e '31'1 14 1-1

11'31q I "31 10 4'3 1'1 112 I '115r?i1,,1l;1.43

, 1Q InlidO I~<II~ Il:'

I1,fi'5(, t\6 bl"-l~n I" ~' 11!Plc 'Z~~ 7'5 b@ , ~ -

41

FIXED ASSET SUBSIDIARY LEDGER

Item Office Furniture Depreciation Method _-"-St"r",ai""g,,htc:!-l",in,",e~__ -----,

Where Located -,=O",ffi",'c"e~ _Purchased From Chicago Office Supply

Estimated Life _5"-J'-y""ea"'r£.s _ Estimated Salvage Value $ ---"-0 _

Asset Record Depreciation RecordAsset Net

Date Debit Credit Balance Debit Credit Balance Book Value

~ept 30 01 I.; 0 hit:; 000 1"'0hi.; 000 It:;o lit:; 000Del.. 31 01 11';0Fill'; 00 It:;011It:;00 41t;t., 00Dec.. 31 he 10 11..-000 ,..- b.,. I.; 00 f31t;t;,.It; 00Del.. 31 0'1 10 , it:;000 ,.1.-~hI.- 00 ,.1.-f:! h 1'-00o«. 31 10 10 lit; 000 ~It:;It:;,.It; 00 I it; ,.a. 00o«. 31 II 10 II'; 000 4 It:;K,11It; 00 It; 011It; 00o«. 31 I,. 1"-0f11.-00 r.:: oh It; 0 00 -0-

Final Disposition of the Asset _

Item Del ivery Trucks

Purchased From --"'Dcry"'ck"'s,.t"'ra'cF,,0O'or"'d _

Estimated Life ~5"--X'ye",a"r"s _

Deprec iation Method _-",S"tr"al'lOg"ht",-l~inL!!e~ _

Where Located Loading Dock

Estimated Salvage Value $ ---"-0 _



A,or. ,., II 1'1 'r:;It; 00 (pl'l a.it; it; 00 (plqb.ir:;t; 00Del.. 31 II (p ,.1..- 'io (p ,.It; 'io (p,. f3" qi'iODel.. 11 I,. 13 eit:; 100 ,.0 hLl ';0 4e ~h el.;o1.!nr.1...1 1'1, II Id~ il In- I~ II-h~ 3iJ1 1/11 ft "0C

Final Disposition of the Asset ---,--1 -r t l

42

Item Inventorv Handling System

Purchased From Conveyor Systems, Inc.

Depree iation Method _-'S""tr"'a"'ig"'h"'t-"'li"'n"'e_

FIXED ASSET SUBSIDIARY LEDGER

Where Located --'W-""ar"e"'h"'o"u"'s":e _

Estimated Life _"'lO"-"'-ye"'a"'rcO's------------ Estimated Salvage Value $ ---"0 _

. Asset Record Depreciation RecordAsset Net


JUl, t; 11-1-0 0(,(,0 00 1-0 0(,(,000 1-00 (,(,000oec. "31 11- 10 0"3"300 10 013"300 I q 0(,1-1 00

[1)1201,[ [If), l-z "6 I/,; It,0(;) 11AIr. 9~'0 II 1"1..;1 ... Ice

43


Item High-Speed Copier

Purchased From Chicago Office Supply

Estimated Life ~5~ye~a:!.!r"'s-------------

Dep reciation Method _eo'S",tr",a..,ig",h",t-",Ii",n"Ce _

Where Located ----"O""ffi"""'ce=---- _

Estimated Salvage Value $ ---"0 _



Dec. 11- 1"3 113 (,h 00 1~ (,1 00 11'3(,1 00117".r '3\ I') ~!'t1,17!J 17j-z, 10 1("I' ~lrt'5C


Depreciation Method Straight-line

Where Located ----,O-L-1A+-,'=--, "'C.("--~ _i./-'

Estimated Salvage Value $ _0'-"- _Asset Record Depreciation Record

Asset NetDate Debit Credit Balance Debit Credit Balance Book Value

Dec. 1,\ l'i, l.4.~...-" "'" ~ ""C:; 01(9(. ~"'..- li'lCC1Jp r. 1, VL II-S "'9f. k ~~O H -, "


- -- --- ------------

G ENE RAL J 0 URNAL __ N---,o-,-vt---,m-,-b---,t-,-r-c-aC'--n-c-d-c-D-c-t-,-c.t-c-m---,b-c-t-,--r_

Account PostDate No. Explanation ./ Debit Credit

Nov. "30 401100 'Pa~ro\\ Tar- f.r-ptnst ./ 101154"3201100 F.I.L.A. 'Pa~ab\t ./ I 0 0 "35520400 'bUTA 'Pa~ab\t ./ 5 00"320500 FUTA 'Pa~ab\t ./ 1452

To record r-tovember t>a~ro\\

Nov. "30 41000 Othtr Ooeratlnc (.r-t>tnSt ./ 2 1 0010100 Lash ./ 2 100

To record Novtmbtr baneservice charae

117",r 1,3 ID3DD flll- 0>L. -fJ~,,-kk)aer. \/ rz 90D DCI 0- ID7.f:O ().cr". -::r; l R.,;:.mi&1j:>. ../ 1, 9 'J'~ /!It.

0

<1<> \..)'llAQ., J2Ji f9;;. oP A .

,JiUi!.. 'M ~ A(l-u 't"&IQ,){

rtlll(.,~I14-°(..~ '" -Ie~-rL~c,.. AlL- \f 111I.,.,~Aj-'", ~()&o ~if" ~ "'17&</l j.J/ • V \II II 11'2'104-fX; 'SW r..; l.-- 17<" -I.".{ _ J ~ -19'3

I "'L/)?tlC 'fL{j ~ ,...?0?4-'K v ~",,~5

'Del'. ~I4li>CO ~n..()PC ~. " V 1- .., '70IDlOb (I Ai iJ I-z. 170

3

SALESJOURNAL __~N~o~v~em~~De~r~an~d~D~e~~e~m~D~e~r_

Debit CreditInvoice or Subsidiary SubsDate Customer Credit Memo Account _ Post Accts. Rec. Sales Returns Sales

Number Number Ref GIL 10200 GIL 30200 GIL 30100

Nov. 1 '5tevtO&on C.olleae C.M41 411 .I I([no1400 In 01400Nov. 1 \l-o&emont Univer&it'l 1?-4 40(, .I ?-4 (,000 ?-4(,0 00Nov. 10 e>ran~h C.olleCie 1?-5 405 .I 31~q II~ 00 31~q II~00Nov. 14 Eastern Wi&~on&in Univ. 1?-(, 410 .I 1~4q 0500 ?-4 q0500

Monthl'f Totals 31?- (,300 In 01400 (,0 1100I •

o«. ?- \l-o&emont Univer&iN 1?-1 40(, .I 41 1400 411400Dec, 1 C.la'fDOrn Univer&iN 1?-5 401 .I 1?- 5?- 00 11~5?- 00De~. q £a&tern Wi&~on&in Univ. 1?-q 410 .I I~I 5 11~00 I~IIs 1?- 00De~. 13 e>ran~h C.olleCie 130 405 .I 1(, 5(,00 III. 5(, 0017er 9 (I .. ~ blY"Wl 11 ~j,IPJI-;L.. -1"'1/ 4-{)'1 IJ 15 " '500 l~1017.1r:: O()117e.e., 1..-~ Ic""",,,",-fVJ,o\.-W,c< f!«i"'~ tL; ,,<,< CJ.\.£t't.- 4(0 ~~ ~oo I) »'6 o:

JJ..«su: iD'tV ~ ~ (,14 1~ls co v, DC 14191917 91/C)f II I'V

CASH RECEIPTS JOURNAL _--,Nc..:..::.-ov.:...:e,-,m",b.:...:e,-,r--=a:..cn:.=d=-D=-e:..:c-:..:.e-"m:..:.be__r_

DEBIT CREDITAccounts Receivable GIL 10200 Other GILDep

emInit

CashGIL

10100

Sales DiscGIL

30300

SalesGIL

30100 .Date Subs

Acct No.Description Trans

AmountSubs

Post RefAcctNo.

TransAmount

PostRef

Nov. 1 '5tevenson C.olleQe Nf 411 "34v~:2- 00Nov. 1"3 Mc-C.lain C.olleQe Nf 11 v1 00

1241 oisoNov. 11 Il-osemont UniversiN Nf :2-4vo 00Nov. I~ e>ranc-h C.olleQe NfNov.:2-1 Eastern Wiswnsin Univ. Nf 1500000 410 1500000

Monthl'l Totals 10144 115015400 11v100101 1,,1 1,,1

Dec, v G.ates Universit'l Nf ?~q 100 ?~q 100Dec-. q Il-osemont Universit'l ~"3 4~ 40v 4' 14 00 .IDec-. 1:2- Hanc.oc-j:. C.olleQe Nf 15"30IIJ 00 151"3ov 00Dec-. 14 C.la'jborn UniversiN 141504 401 11215 00 .IDec-. 14 A.twood e>rothersO~ Up J::: iI(<,i ""~

"31:2-00 ~:2-1500 tIIUdJ) I>cl'o~ V

1410

r? I ~.J.j.I

1/ y

PURCHASESJOURNAL __~N~o~v~e~m~b~e~r~a~n2d~D~e~~~em~b~er~_DEBIT CREDIT

Other GIL Accounts Payable GIL 20100Vendor Purchases

Subs Subs PurchasesDate Vendor Invoice GIL Acct. Trans Post Acet Trans Post Returns

No. 30500 No. Amount Ref No. Amount Ref GIL 30600

Nov. 3 Vtloc.it~~portinl\ C.oods 33"311 I,13e 000 1..51.. 1..13eO 00 ./Nov. 1..1 C.ni~aqoOfftce ~upp\~ 1..1..15 40300 55e 0'1 ./ 1..53 55e 0'1 ./

Montnl't Totals I, He 000 55e 0'1 1..1'f3e 0'1 -0-I" I.

Dt~. 5 Velo~iN~portinq C.oods 33'f{P5 3 I I 00 1..51.. 3~ 1 1500 ./Dec.. 11.. C.ni~aQoOfftce ~uppl't 1..344 loeoo 13 100 11 1..53 13'100 ./"7pr 'L.~I \/.DI ~rf..L.....:7'':" (' ..__ ~ '2l.-\ 1\ q II l>131+ 00 V1l-- (~'tAIl' 60 Iv"t7Pl'_ 1J--b I ('J. 1~. • ;'f)/:.t f) ,L /lrJU. , I ' J+rf1.It ~5 1'5 ,,:>?~ /"5 J

•'() If ~1"5 f.\ ~!?~~

ff,..,-::fl/lt1"1"t;t-rfA,r , OQ l I'D bb9 <j\~. . ./if Iv 1\ / l/

NovemberCASH DISBURSEMENTS JOURNAL ------------CREDIT DEBIT

Cash Purchases Accounts Payable GIL 20100Freight-In Other GIL

CheckDate Number Description GIL Discounts Subs Trans Subs GIL Acet Trans Post

10100 GIL 30700 Acel No. Amount Post Ref 30800 No. Amount Ref

Nov. ~ \11-4 C.hic.aQo Offic.e ~ul>l>l" '1~ 5 ~o 1-53 '1~ 550 ,/Nov. 13 \11-5 Veloc.it" ~{)ortinn Gtoods 1-(, 53 240 54 1 (,0 1-51- 1-1~50 00 ,/Nov. 15 111-(,-~ ~ee Va"roll J"ournalNov. 15 \11-'1 Internal F-evenue ~ervic.e I'll~15 1'1 1-0'300 155 '133 ,/

1-0(,00 1*1 (,4(, ,/Nov. 15 \130 Internal F-evenue ~ervic.e 13 33 1-0500 11333 ,/Nov. 15 1131 ~tate of Illinois I~" '1~ 1-0400 4 4 '15 ,/Nov. 11 \131- Worldwide ManaGement 4e 00 00 40100 4~0 000 ,/Nov. 11 \133 e>oard of Water fr Lillht 11 I~3 (,5 41000 I 111. 3 (,5 ,/Nov. ,~\134 Interstate Motor Freillht In5(, '1'1 1-35 (, '1'1Nov. 15 \135 Universit" Athletic. News 31250 00 401-00 3~5 o 00 ,/Nov. 1-3 113(, C.hic.aQo Offic.e ~ul>l>l" It; 5 5 0'1 1-53 55 s 0'1 ,/Nov. 1-'1 11'31-'1 ~ee Va'lroll J"ournal

Monthl" Totals 414 III 103 54 1 (,0 1-~ 'II' 35'1 1-35 (, '1'1 1134411 15 F-K

Cash Disbursements Journal continued on next page

•

CASH D1SBURSEMENTS JOURNAL __ D_e_c.__em"--'--be__r _

CREDIT DEBITAccounts Payable GIL 20100 Other GILCash

GIL10100

PurchasesDiscountsGIL 30700

CheckNumber

Freight-InGIL

30800Subs Trans Subs

Acel No. Amount Post RefDate Description Acct

No.TransAmount

PostRef

1-511<: 00 .;251500Dec.. 1 1140 First ~ec.urit" Insurance 41000Dec.. 11- \141 C.hic.aGo Offic.e ~uf){)I" 13(, 00o«, 13 \141- Veloc.it'l ~f)ortinG Gtoods 3(, I 15 00 ,/11-1- 30 1-51-Dec.. 13 \143Dec.. 13 1144

Worldwide Manallemente>oard of Water fr Lillht

4~00 00 J1 3(,01-5 ./

4010041000

Dec.. 13 \145 Interstate Motor Freinht 11515 115 15Dec.. 13 \14(, Internal F-evenue ~ervic.e 1-0'300

1-0011(, /1-0(,00Dec.. 13 \141 Internal F-evenue ~ervic.e I4~1- 14 ~1- If1-0500o«. 13 1145 ~tate of Illinois 5p 03 .,;5003 1-0400Dec. 13 114'1-51 ~ee Va'lroll J"ournal

.~Iz.60

lloo~o t I 0 oc .;

I111/ /

PAYROLLJOURNAL __~N~ov~e~m~b~e~r~a~n~d~D~e~~~e~~~b~e~r__

~ EARNINGS DEDUCTIONS PAYMENT

SubsDate Employee Regular Regular Overtime Overtime Gross Pay F.I.C.A. Fed . Inc. Tax Net Pay Check Post

Hours Pay Hours Pay GIL 40500 GIL 20600 GIL 20300 GIL 10100 No. Ref

Nov. 15 l2-a~ "ramer '350 000 '350000 1-(,115 441 11 111'l0 54 111-(, ,/::nmAdams 55 00 154 500 11-55 40511- 1-1-5~ 11- 111-41 '311541 1151-54 111-1 ,/Nan~'1 Ford 4'1 00 5'3 '300 5'3'300 (, '3 1'3 511- 1(,055 111-5 ,/

Nov. 1-'1 l2-a~ "ramer '350 000 '350000 1-(,115 44 I 11 In '10 54 11'31 ,/Jim Adamf> 50 00 1(,5 000 10 54 '3'31- 01 1:21c11:201 15'3'11 1:2(,504 1 5'100(, 11'35 ,/Nan~'1 Ford (,0 00 101- 000 101-000 150'3 1:21 41- '11455 11'3'1 ,/

Monthl~Totale 11-'35 100 1'311'3 1'3 1 151'3 100'355 151(,01 10 5'1'1 os

Du. 1'3 l2-a~ "ramer ,'350 000 '350000 1-(,115 44 I 11 'n '10 54 114'1 ,/

Jim Adamf> 50 00 1(,5 000 511 1511(, I 5 (, 1 1(, I41- 4'3 1 '3045 145555 1150 ,/Nan~~ Ford 50 00 1'3(, 000 I 1-'3 '3 I '31 I '3'1 1 '31 10(,4'3 (,51'1 11:21'115 1151 ,/

fDn 11,\ l~k~-"1- 9L CC '1\ I~00 9-, 1"- I1J~,gM "') r:J9 1,1111(",\ '.tl~- .:>, t ~I~I~1- \I~b (/\J" . '-" ~ en-tA. q(., CO 117VJgeE -z/j ()lj 1[li1~7 I tltlJ(~ [IHh.11D I'1.1/1 9::J II~I~~13') Ll'5T v

11\ ,,". '\( . l'ltll I.-ret I~Ir~rlcx 1111 [to- l4.o 1...lk r..,~ 11lBI~ 93 l\~ vI' I .i<~-II,/;,~ ,r,f.I~ Ir 00 , 11: 1. .J't. [V1 I~il'/: {fiJ ( ( 1191"72 I' 0 b' t I19'1', 1'6'7J