3 8 You are provided with the progress totals as at close of business August 10 Continue recording the following transactions in the appropriate journals. Remember: Bright Spot CREDIT SALE TERMS are 2/10, n/30. 4 DAILY TRANSACTIONS IN DATE ORDER 5 Aug. 14 Paid suppliers for July accounts, Baker Supplies, Chq#463, $650 and Rubber Barons 6 Chq#464 $50 Nil discounts available, 7 Paid Sales Salaries $1,800 and Office Salaries $700 with ChqW465 Date Acce Sales for the day were: 13-Aug Pro 9 Cash Sales $8,320 10 A McConnell $7,400 ind. $55 delivery charge 11 PTsu $3,250 12 Aug. 15 Issued chq#466 for $780 to BNQ Insurance to cover insurance on the proprietors 13 private residence. Bill from Rankins Garage, fuel for delivery truck $368 (Delivery Exp.) Paid Chq#467 15 Paid supplier. Aladdin Ltd - Invoice dated August 1 $8,500,2% discount taken. Chq#468 16 Received payment of $600 from customer, Uight Fantasy for July account 17 Received invoice from supplier, Baker Supplies, $360 terms 2/5,n30 18 Sales for the day were: 19 Cash Sales $3,200 20 P. Hogan $2,300 ind. $35 delivery charge 1 Roberts $1,240 2 Aug. 16 Cash Sales of $4,250 3 Aug. 18 Paid supplier with Chq#469. Phullops Lamps - Invoice dated August 9 $4,250,2% disc. taken Rec'd customer payments for Inv's. dated Aug 4 & 9 respectively, PTsu $3,000 B Yang $4,000 Aug. 19 Sales for the day were: Cash Sales $800 W Harrigan $650 Light Fantasy $460 Date Received and paid Telephone bill. $620, Chq#470 13-Aug Aug. 20 Rec'd customer payment for Inv's dated Aug 11; W Harrigan $3,200 Sales for the day were: Cash Sales $1,200 B Yang $3,500 ind. $35 delivery charge N Smith $4,680 ind. $40 delivery charge L N 0 P 0 re 2/10, n/30. Date Account 13-Aug Progress totals CASH RECEIPTS JOURNAL DEBITS Bank Disc. Allow 27,647.50 257.50 CREDITS Sales A/Rec's 14,680.00 13,225.00 Progress totals Date Account 13-Aug Progress totals CASH PAYMENTS JOURNAL DEBITS Cheque #1 Other Acce's 3825.00 A/Payable 29800.00 CREDITS Bank Disc. Rec'd 33042.00 583.00 Progress totals PURCHASE JOURNAL Terms Inv Date Account name 13-Aug Progress totals Purchases 13,750.00 A/Payable 13,750.00 Progress totals Inv Date Account name 13-Aug Progress totals SALES JOURNAL Sales 24,440.00 Deliv. Exp 110.00 A/Receivable 24,550.00