6 Date 4 5 5 7 2 You are provided with the progress totals as at close of business August 20 3 Continue recording the following transactions in the appropriate journals. Remember: Bright Spot CREDIT SALE TERMS are 2/10, 1/30- 4 DAILY TRANSACTIONS IN DATE ORDER 5 Aug. 21 Paid Baker Supplies for August 15 invoice with Cha#471 Received invoice from supplier, Lamphouse, $8,540 terms 2/10,n30 7 Paid Sales Salaries $1,800 and Office Salaries $700 with Cha#472 Acce 8 Rec'd payment from customer Light Fantasy. Invoice issued August 11 for $5,000 Aug. 20 Prof 9 Aug. 22 Proprietor withdrew $800 cash for personal use. Chq#473 10 Aug. 23 Sales for the day were: 1 Cash Sales $8,000 2 Rec'd payment from customer PTsu. Invoice dated August 14 for $3,250 3 Aug. 25 Received invoice from supplier, Phullops Lamps, $5,200 terms 2/10, n30 Sales for the day were: Cash Sales $2,300 A McConnell $4,000 Rec'd payment from customer P Hogan. Invoice dated August 15 for $2,300 Aug. 26 Rec'd invoice from Baker Supplies. $4,000 terms n/30 Proprietor wishes to incorporate, legal advice fee $350. Paid Chq#474 Aug. 27 Sales for the day were: Cash Sales $1,000 PTsu $3,000 incl. $35 delivery charge Aug. 28 Paid supplier, Rubber Barons $45 Cha# 475. Invoice dated Aug 1 terms n/30 Sparkle Lighting Ltd. Delivery of goods C.O.D. Paid in full $5,000 with Chq#476 Paid Sales Salaries $1,800 and Office Salaries $700 with Chq#477 Aug. 29 Received payment from customer, W Harrigan. Inv. dated August 19 for $650. Sales for the day were: Cash Sales $800 Date P Hogan $2,500 Roberts $1,200 incl. $25 delivery charge Aug. 30 Received invoice from supplier. Cable Kings, $12,500 terms 2/10,n30 Paid Baker Supplies $750 Cha# 478. Invoice dated Aug 2 terms n/30 Paid Lamphouse. Cha#479, Invoice dated Aug.21 Received cheques from customers, N Smith and B Yang, to settle their Aug. 20 purchases. N Smith $4,680 B Yang $3,500 N Smith remittance advice includes $250 payment for July account outstanding, PO Aug. 20 CASH RECEIPTS JOURNAL DEBITS Account Bank Disc. Allow Progress totals 56,073.50 401.50 Date CREDITS Sales A/Rec's 32,450.00 24,025.00 Aug. 20 Progress totals CASH PAYMENTS JOURNAL DEBITS Cheque # Other Acc's 8093.00 Date Account Progress totals A/Payable 43250.00 CREDITS Bank Disc. Rec'd 50505.00 838.00 Aug. 20 EOM totals Inv Date Aug. 20 PURCHASE JOURNAL Account name Terms Purchases Progress totals 14,110.00 A/Payable 14,110.00 EOM totals Inv Date Aug. 20 SALES JOURNAL Account name Sales Progress totals 47,755.00 Deliv. Exp A/Receivable 275.00 48,030.00 EOM totals