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. PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT :)