Debits & Credits

Debits & Credits

Instructions:  This assignment is a combination of Chapters 10, 11 & 12.  It consists of a Word file and two Excel files.

Q1.  (20 pts) Post Debits & Credits in the proper columns.  Name the accounts and post only the transactions described. Lines a, b, c, & d should each have only one Dr

and one CR entry.

The Guest in Room 120 is with a tour group, (CUSA Tours) and checks out today.  (a)  The Guest pays own incidentals with a Visa card, and (b) The room & tax are billed

to CUSA Tours Master Account
Room & Tax        $516.00
Incidental Charges      $133.00

(a)


(b)

It has been a week since “CUSA’s” guest checked out of Room 120.  (c) Today, the hotel receives payment from CUSA for the guest’s room & tax and (d) Payment is

received from Visa for the guest Incidentals   Visa’s discount fee is 4%

(c)


(d)

Q2.  (15 Pts) Use the following information to complete lines a, b, & c.
Cashier’s Operating (Opening) Bank                    $  830.00

Guest Check-outs
Cash                    $       96.00
Checks (personal & Travelers)    $   1032.12

Guest Paid-outs                $       43.10
House Paid-outs                $       19.58

Cashier’s Closing Bank                        $ 1890.44

a)  Is there a Due-back?        No        Yes        $

b)  Is the Bank Over / Short?        No        Yes       $

c)  How much is the Cashier’s Turn-in / Drop?        $

Q3.  (24 pts) Handpost all of the following transactions to the Guest Folio form.  Print the Guest Folio on a single page.

Day 1               Day 1             Day 1
Account        Room #1          Room #2            Room #3
Opening Balance     -89.00             120.00                     0
Room            100.00               60.00            210.00
Tax              10.00                 6.00              21.00
Restaurant          60.00               24.00                     0
Bar              12.50                      0              27.50
LD Phone            9.00                 3.50              11.50
Local Phone            1.50                 1.00                1.00
Paid out                  0                 9.00              12.00
Misc. Charge            9.00               13.05                         0
Transfer Debit             ?                      0                              0


Cash Receipts                350.00                      0                     0
Allowances               40                   0                     0
Transfer Credit             0                    25                     ?
Transfer to C/L             0                      0                            ?    *
Closing Balance                                         ?

  • Room 3 complains about a $27.50 charge that should be on Room 1.  The cashier moves the amount to
    Rm 1, at which time Rm 3 pays the remaining balance with a Visa card and checks out.

Q4.  (31 Pts) Record all the transactions from Question 3 on the Night Audit Transcript.  Cross-foot the closing balance totals to complete the Audit.  Print the Night

Audit form on a single page.

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