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