Transcript 11.2 The Synoptic Journal

11.2 The Synoptic Journal
Synoptic Journal

Multi-columned journal with a number of selected special
columns and two general columns. The special columns
are used to record the more frequently occurring items;
the two general columns are used to record the less
frequently occurring items. Each special column is
reserved for a specific type of entry as indicated in the
column heading. At posting time, the totals of the special
columns are posted to the general ledger.
Bombay trading Company

In your workbook page 398-399 (w)
Transaction 1 May 4: Cash Sales ticket No. 57.
Sales of $256.00 of merchandise for each, HST of
$33.28, total $289.28
Bombay Trading Company
Date
Ref
Particulars
20No.
May 4 Cash Sales
57
Synoptic Journal
Bank
DR
289.28
Month of May, 20--
Accounts Receivable Accounts Payable Sales Purchases
CR
DR
CR
DR
CR
CR
256
DR
Recov.
DR
HST
Payable
CR
33.28
Page: 41
Other Accounts
Accounts
PR
DR
CR
Transaction 2 May 5: Sales Invoice No. 165. Issued
to Paul Rogan, sales of $412.00 of merchandise on
account, HST of $53.56, total $465.56.
Bombay Trading Company
Date
Ref
Particulars
20No.
May 4 Cash Sales 57
5 P. Rogan
165
Synoptic Journal
Bank
DR
289.28
Month of May, 20--
Accounts Receivable Accounts Payable Sales Purchases
CR
DR
465.56
CR
DR
CR
CR
256
412
DR
Recov.
DR
HST
Payable
CR
33.28
53.56
Page: 41
Other Accounts
Accounts
PR
DR
CR
Transaction 3 May 6: Purchase Invoice. Received
from Empire Wholesale for merchandise purchased
on account, $816.00. HST payable rate is 13%.
Bombay Trading Company
Date
Ref
Particulars
20No.
Synoptic Journal
Bank
DR
May 4 Cash Sales 57 289.28
5 P. Rogan
165
6 Empire Wholesale
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
HST
Payable
CR
33.28
53.56
106.08
Recov.
DR
Page: 41
Other Accounts
Accounts
PR
DR
CR
Transaction 4 May 7: Purchase Invoice and Cheque
Copy No. 74.. For the cash purchase of supplies from
Deluxe Stationers, $235.40.
Bombay Trading Company
Date
Ref
Particulars
20No.
May 4
5
6
7
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
Recov.
DR
CR
Transaction 5 May 7: Cheque Copy No. 75. Paid the
rent for the month to Ryder Realty, $2800.00. HST
recoverable is $364.00.
Bombay Trading Company
Date
Ref
Particulars
20No.
May 4
5
6
7
7
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
3164.00
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
CR
Transaction 6 May 10: Cheque Copy No. 76.
Issued to A. Baldwin on account, $173.50.
Bombay Trading Company
Ref
Date 20- Particulars
No.
May
4
5
6
7
7
10
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
A. Baldwin 76
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
3164.00
173.50
173.50
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
CR
Transaction 7 May 10: Cheque Copy No. 77. Issued
to G. English & Co. on account, $500.00
Bombay Trading Company
Ref
Date 20- Particulars
No.
May
4
5
6
7
7
10
10
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
A. Baldwin 76
G. English & Co
77
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
3164.00
173.50
500.00
173.50
500.00
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
CR
Transaction 8 May 11: Cash Receipt. Received
from R. Mayotte on account, $352.00
Bombay Trading Company
Ref
Date 20- Particulars
No.
May
4
5
6
7
7
10
10
11
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
A. Baldwin 76
G. English & Co
77
R. Mayotte
352.00
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
3164.00
173.50
500.00
173.50
500.00
352.00
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
CR
Transaction 9 May 11: Cash Receipt.
Received from P. Fuhr on account, $620.00.
Bombay Trading Company
Ref
Date 20- Particulars
No.
May
4
5
6
7
7
10
10
11
11
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
A. Baldwin 76
G. English & Co
77
R. Mayotte
352.00
P. Fuhr
620.00
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
3164.00
173.50
500.00
173.50
500.00
352.00
620.00
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
CR
Transaction 10 May 13: Cheque Copy No. 78. Issued to M.
Cham in payment of wages, $585.00. (For simplicity, wages do
not consider payroll deductions
Bombay Trading Company
Ref
Date 20- Particulars
No.
May
4
5
6
7
7
10
10
11
11
13
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
A. Baldwin 76
G. English & Co
77
R. Mayotte
352.00
P. Fuhr
620.00
M. Cham
78
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
3164.00
173.50
500.00
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
173.50
500.00
352.00
620.00
585.00
Wages Expense
585.00
CR
Transaction 11 May 13: Cheque Copy No. 79. Issued to
D. Adams in payment of wages, $650.00.
Bombay Trading Company
Ref
Date 20- Particulars
No.
May
4
5
6
7
7
10
10
11
11
13
13
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
A. Baldwin 76
G. English & Co
77
R. Mayotte
352.00
P. Fuhr
620.00
M. Cham
78
D. Adams
79
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
922.08
266.00
3164.00
173.50
500.00
Month of May, 20--
Sales
CR
256.00
412.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
173.50
500.00
352.00
620.00
585.00
650.00
Wages Expense
Wages Expense
585.00
650.00
CR
Transaction 12 May 14: Sales Invoice No. 166.
Issued to M. Delgaty for merchandise sold on
account, $196.00, plus $25.48 HST, total $221.48.
Bombay Trading Company
Ref
Date 20- Particulars
No.
May
4
5
6
7
7
10
10
11
11
13
13
14
Synoptic Journal
Bank
DR
Cash Sales 57 289.28
P. Rogan
165
Empire Wholesale
Deluxe Stationers
74
Ryder Realty 75
A. Baldwin 76
G. English & Co
77
R. Mayotte
352.00
P. Fuhr
620.00
M. Cham
78
D. Adams
79
M. Delgaty 166
Accounts Receivable Accounts Payable
CR
DR
CR
DR
CR
465.56
Month of May, 20--
Sales
CR
256.00
412.00
922.08
266.00
3164.00
173.50
500.00
Purchases
DR
816.00
Page: 41
HST
Other Accounts
Payable
CR
Accounts
PR
DR
33.28
53.56
106.08
30.60
Supplies
235.40
364.00
Rent Expense
2800.00
Recov.
DR
173.50
500.00
352.00
620.00
585.00
650.00
Wages Expense
Wages Expense
221.48
196.00
25.48
585.00
650.00
CR
Complete the remaining transactions

Transaction 13 May 14: Sales Invoice No. 167. Issued to Carl Kwan for
merchandise sold on account, $240.00 plus $31.20 HST, total $271.48.

Transaction 14 May 17: Purchase Invoice. Received from Continental
Railway for freight charges on incoming merchandise, $436.50, plus $56.75
HST, total $493.25.

Transaction 15 May 18: Purchase Invoice. Received from Budget Repairs
for maintenance to the delivery truck, $262.54 plus $34.13 HST, total
$296.67.

Transaction 16 May 19: Cheque Copy No. 80. Issued to P. Kerr, the
owner, for personal use, $800.00

Transaction 17 May 20: Cheque Copy No. 81 together with Purchase
Invoice. Issued to Ideal Supply in payment of merchandise purchased for
cash, $475.00 plus $61.75, total $536.75.

Transaction 18 May 21: Purchase Invoice. Received from Circle Supply for
supplies purchased on account, $267.50 plus $34.78 HST, total $302.28.

Transaction 19 May 21: Purchase Invoice. Received from Deluxe
Stationers for the purchase on account of a new office desk at a cost of
$1053.95 and merchandise at a cost of $224.70 plus $166.22 HST, total
$1444.87.

Transaction 20 May 24: Bank Credit Memo. To the effect that the company
has borrowed $5000.00 from the Continental Bank effective immediately.

Transaction 21 May 26: Cheque Copy No. 82. Issued to Empire Wholesale
on Account, $400.00

Transaction 22 May 26: Purchase Invoice. Received from Prairie
Manufacturing for the purchase of merchandise on account, $750.00 plus
$97.50 HST, total $847.50.

Transaction 23 May 26: Cash Receipt. Received from R. Stoddard on
account, $300.00

Transaction 24 May 27: Cheque Copy No. 83. Issued to M. Ejima for
wages, $585.00

Transaction 25 May 27: Cheque Copy No. 84. Issued to D. Adams for
wages, $650.00

Transaction 26 May 31: Sales Invoice No. 168. Issued to Purity Company
for the sale of merchandise on account, $540.00 plus $80.20 HST, total
$610.20.

Transaction 27 May 31: Sales Invoice No. 169. Issued to O’Valley Whole
sale for the sale of merchandise on account, $3200.00 plus $416.00 HST,
total $3616.00.
Balancing the Synoptic Journal

To balance simply total each column, prove that the sum
of the debit totals equals the sum of the credit totals, and
underline appropriately.
Posting the Synoptic Journal

For each of the special account columns, the column
totals are posted rather than the individual amounts
within the columns. By posting only the totals, a great deal
of time is saved.
Forwarding in the Synoptic Journal

A new page must be started whenever a page is filled up.
When a new page is started in any columnar journal
during the month, should start it off with the balanced
totals from the bottom of the previous page. Totals at the
end of one page are forwarded to the next page.
Variations in Journalizing in the Synoptic
Journal
1.
Debit entries may be entered in Credit columns (credit
may enter debit), but they must be circled or written in
red. When the column is totalled, the circled item must
be subtracted to give the proper total.
2.
There are times when two or more lines may be
required. This occurs when at least two of the accounts
affected by the transaction need to be entered in the
Other Accounts section of the journal.
Let’s try it;


Review questions # 3, 5-12, p. 499 (t), p. 400 (w)
Ex. 2 p. 500 (t), p. 402-404 (w)