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…

Click on the Verify

3. Using the same December 2 date, enter the transaction correctly with a debit to Advertising Expense (604) and a credit to Cash (101). Click on the Verify Journal button. 4. When the check number prompt appears, enter ERROR to indicate that this is an error correction entry and a new check is not being issued. 5. Enter the 23339 invoice number as requested and when the data shown is correct, click on the Verify Documents button, then click on the Post Entry button. NOTE: This error correction procedure leaves a clear audit trail of all corrections and is to be followed throughout this business simulation. NOTE: If at any time you wish to view the journal entries that you have entered, click on Journals/Ledgers/Statements, select General Journal. You may scroll through the journal entries or print a copy of the journal. To exit the General Journal, click on Data Entry. NOTE: Instructions for corrections to journal entries for incorrect accounts, incorrect amounts, incorrect dates, and incorrect documents can be found under Support on the Menu Bar.

Page 4 Rebel Ridge Snowmobiles – Journal Entries 1st Web-Based Edition, Copyright © 2010 PKL Software, Incorporated. All rights reserved. Last Revised: April 1, 2010

TRANSACTIONS FOR DECEMBER 3-10
Student Analysis Note: The following time-saving options (A and B) may be used when journalizing transactions!
A. USING THE CHART OF ACCOUNTS FOR DATA ENTRY B. AUTOMATIC BALANCING OF JOURNAL