Case 2-1 Bar Harbor Blueberry Farm
The Bar Harbor Blueberry Farm is a family-owned, 200-acre farm that grows and sells
blueberries to grocery stores, blueberry wholesalers, and small roadside stands. Bar
Harbor has 25 full-time employees and hires 150 to 200 seasonal workers for the
harvest.
For the past six summers, you have picked berries for Bar Harbor. When you
graduated, you were hired full-time as the accountant/office manager. 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. You decide to start by establishing appropriate
journals and ledgers for these transactions.
Presented below 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. You may also use Excel, Great Plains, Peachtree,
QuickBooks, or another accounting software package of your choosing to complete this
problem.
Vendor Invoices
Date Supplier Invoice Supplier Name Supplier Address Amount
March 7 AJ34 Bud’s Soil Prep PO Box 34 $2,067.85
March 11 14568 Osto Farmers Supply 45 Main $ 67.50
March 14 893V Whalers Fertilizer Route 34 $5,000.00
March 21 14699 Osto Farmers Supply 45 Main $3,450.37
March 21 10102 IFM Wholesale 587 Longview $4,005.00
March 24 10145 IFM Wholesale 587 Longview $ 267.88
Purchases Journal
Page 1
Date Supplier Supplier Account Number Post Amount
Invoice Ref
March Bud’s Soil Prep AJ34 23 $2,067.85
7
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Page 1
March Osto Farmers Supply 14568 24 $ 67.50
11
March Whalers Fertilizer 893V 36 $5,000.00
14
March Osto Farmers Supply 14699 24 $3,450.37
21
March IFM Wholesale 10102 38 $4,005.00
21
March IFM Wholesale 10145 38 $ 267.88
24
March Total 14,858.66
31
Accounts Payable Account
Number:
300
Date Description Post Ref Debit Credit Balance
March 1 Balance Forward $18,735.55
March 31 14,858.66 33,594.15
General Ledger
Purchases Account Number: 605
Date Description Post Ref Debit Credit Balance
March 1 Balance Forward $54,688.49
March 31 14,858.66 69,547.14
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Purchases Account Number: 605
Date Description Post Ref Debit Credit Balance
Accounts Payable Subsidiary Ledger
Account Bud’s Soil Prep PO Box Terms: 2/10, Net 30
No. 23 34
Date Description Post Ref Debit Credit Balance
March 1 Balance Forward 0.00
March 7 Austin $2,067.85 2,067.85
Account Osto Farmers Supply 45 Main Terms: 2/10, Net 30
No. 24
Date Description Post Ref Debit Credit Balance
March 1 Balance Forward 0.00
March Fertile seeds 67.50 67.50
11
March Seeds Soil Suit 3,450.37 3,517.87
21
Account Whalers Fertilizer Route 34 Terms: 2/10, Net 30
No. 36
Date Description Post Ref Debit Credit Balance
March 1 Balance Forward 0.00
March Super fertilizer 5,000 5,000
14
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Account IFM Wholesale 587 Terms: 2/10, Net 30
No. 38 Longview
Date Description Post Ref Debit Credit Balance
March 1 Balance Forward 0.00
March Pots 4005 4005
21
March Labels 267.88 4,.272.88
24
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