1) Record all transactions in the relevant journals.

2) Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedures.

Note that the relevant totals of the special journals will be posted to the general ledger accounts at the end of the month. You will enter this before you prepare the Bank Reconciliation Statement.

3)Update inventory cards on a daily basis.

Date

Transaction description

29

Jerry Technology paid the full amount owing on their account.

29

Made cash sale of 15 BlueBerry Phones for $936 each.

30

Received 14 Zii Game Consoles for $1,384 each, which were ordered on the 23^rd. Agreed terms with Pear Technology are 2/10, n/30.

30

Purchased 14 DK800 Desktop Computers with cash for a list price of $1,216 each. A trade discount of 25% applies, Check No. 323.

30

Paid monthly salary of $4,700 to Leonardo Bartos, Check No. 324.

SALES JOURNAL

Date		Account	Invoice No.	Post Ref.	Accounts Receivable	Cost of Goods Sold
Jun	11	ARC - Turbo Tech	763	110-3	16,264	9,272
Jun	17	ARC - Radio Hut	764	110-5	2,496	1,200
Jun	22	ARC - Radio Hut	765	110-5	127,368	74,304
Jun	27	ARC - Hypertronics	766	110-6	25,792	14,000
Jun		(select)
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(Q=702.purchasesJournalWeek5)

PURCHASES JOURNAL

Date		Account	Terms	Post Ref.	Accounts Payable
Jun	8	APC - Pony	net 30	210-6	12,000
Jun	16	APC - Big Telco	2/10, n/30	210-1	20,760
Jun	18	APC - JCN Electrical	net 30	210-5	5,360
Jun		(select)	terms...net 30net 72/10 n/30
Jun		(select)	terms...net 30net 72/10 n/30
Jun		(select)	terms...net 30net 72/10 n/30
Jun		(select)	terms...net 30net 72/10 n/30

(Q=703.cashReceiptsJournalWeek5)

CASH RECEIPTS JOURNAL

Date		Account	Post Ref.	Debit		Credit			Cost of Goods Sold
				Cash	Sales Discounts	Sales Revenue	Accounts Receivable	Other Accounts
Jun	1	Bank Loan Payable	250	48,000				48,000
Jun	3	ARC - Radio Hut	110-5	2,442			2,442
Jun	9	ARC - Handys Electronics	110-1	3,141	349		3,490
Jun	12	Sales Revenue	X	2,808		2,808			1,248
Jun	17	ARC - Hypertronics	110-6	3,600			3,600
Jun	19	Sales Revenue	X	34,848		34,848			25,520
Jun	26	Sales Revenue	X	10,272		10,272			5,856
Jun	27	ARC - Turbo Tech	110-3	26,930			26,930
Jun		(select)
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(Q=704.cashPaymentsJournalWeek5)

CASH PAYMENTS JOURNAL

Date		Account	Check No.	Post Ref.	Debit				Credit
					Accounts Payable	Merchandise Inventory	Wages Expense	Other Accounts	Cash
Jun	1	Prepaid Rent	311	140				9,400	9,400
Jun	4	Wages Payable	312	220			6,530	6,696	13,226
Jun	5	APC - Pony	313	210-6	2,386				2,386
Jun	5	Office Supplies	314	130				339	339
Jun	6	Electricity Payable	315	221				731	731
Jun	11	APC - Moon Megasystems	316	210-2	3,250				3,250
Jun	11	APC - JCN Electrical	317	210-5	3,611				3,611
Jun	11	Wages Expense	318	X			12,905		12,905
Jun	13	APC - Big Telco	319	210-1	4,975				4,975
Jun	18	Wages Expense	320	X			12,707		12,707
Jun	25	Wages Expense	321	X			13,214		13,214
Jun	28	APC - Big Telco	322	210-1	20,760				20,760
Jun		(select)
Jun		(select)
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