BAR HARBOR BLUEBERRY FARM

The Bar Harbor Blueberry Farm is a family – owned, 200 – acre farm that grows and sells blueberries to grocery
stores along the central coast, blueberry wholesalers, and small roadside stands. Bar Harbor has 25 full-time
employees and usually hires 150 to 200 seasonal workers for the harvest.

For the past six summers, you have picked berries for Bar Harbor during the summer breaks from high school and
college. Now that you have graduated with a degree in accounting, you were recently hired full-time as the farm
accounting/office manager for Bar Harbor. Until now, Bar Harbor kept most of its accounting records in a big file
box. Jack Phillips, the owner, would like a more organized approach to the farm’s accounting records. He asked you
to establish a proper set of books for the farm. Your first day on the job you find a stack of invoices from suppliers
that need to be recorded. You decide to start by establishing appropriate journals and ledger for these transactions.

The following are a set of vendor invoices and a few partially completed journals and ledgers. Your job is to record
these transactions and update the appropriate ledgers. Be sure to leave a proper audit trail.

VENDOR INVOICES

DATE SUPPLIER SUPPLIER NAME SUPPLIER ADDRESS AMOUNT

INVOICE
MAR 7 AJ34 BUD’S SOIL PREP, INC. PO BOX 34 P2,067.85
MAR 11 14568 OSTO FARMERS SUPPLY 45 MAIN P67.50

MAR 14 893V WHALERS FERTILIZER, INC. ROUTE 34 P5,000.00

MAR 21 14699 OSTO FARMERS SUPPLY 45 MAIN P3,450.37
MAR 21 10102 IFM PACKAGE WHOLESALE 587 LONGVIEW P4,005.00
MAR 24 10145 IFM PACKAGE WHOLESALE 587 LONGVIEW P267.88

PURCHASE JOURNAL

PAGE 1
DATE SUPPLIER SUPPLIER ACCOUNT POST REF AMOUNT
INVOICE NUMBER
MAR 7 BUD’S SOIL PREP, INC. AJ34 23 ✔️ P2,067.85
MAR 11 OSTO FARMERS SUPPLY 14568 24 ✔️ P67.50
MAR 14 WHALER 893V 36 ✔️ P5,000.00
FERTILIZER,INC.
MAR 21 OSTO FARMER SUPPLY 14699 24 ✔️ P3,450.37
MAR 21 IFM PACKAGE 10102 38 ✔️ P4,005.00
WHOLESALE
MAR 24 IFM PACKAGE 10145 38 ✔️ P267.88
WHOLESALE
MAR 31 TOTAL P14,858.60

GENERAL LEDGER

ACCOUNTS PAYABLE ACCOUNT NUMBER:

300
DATE DESCRIPTION POST REF DEBIT CREDIT BALANCE
MAR 1 BALANCE P18,735.55
FORWARDED
MAR 31 TOTAL ✔️ P14,858.60 P33,594.15
 PURCHASES ACCOUNT NUMBER:
605
DATE DESCRIPTION POST REF DEBIT CREDIT BALANCE
MAR 1 BALANCE P54,688.49
FORWARDED
✔️ P14,858.60 P69,547.09

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

ACCOUNT NO.: 23 BUD’S SOIL PREP, INC. PO BOX 34 TERMS: 2/10, NET 30
DATE DESCRIPTION DEBIT CREDIT BALANCE
MAR 1 Balance Forwarded P0.00
MAR 7 Supplier Invoice AJ34 P2,067.85 P2,067.85

ACCOUNT NO.: 24 TERMS: 2/10, NET 30

DATE DESCRIPTION DEBIT CREDIT BALANCE
MAR 1 Balance Forwarded P0.00 P0.00
MAR 11 Supplier invoice P67.50 P67.50
14568
MAR 21 Supplier invoice P3,450.37 P3,517.87
14699

ACCOUNT NO.: 36 TERMS: 2/10, NET 30

DATE DESCRIPTION DEBIT CREDIT BALANCE
MAR 1 Balance Forwarded P0.00
MAR 14 Supplier invoice P5,000.00 P5,000.00
893V

ACCOUNT NO.: 38 TERMS: 2/10, NET 30

DATE DESCRIPTION DEBIT CREDIT BALANCE
MAR 1 Balance Forwarded P0.00
MAR 21 Supplier invoice P4,005.00 P4,005.00
10102
MAR 24 Supplier invoice P267.88 P4,267.88
10145

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