Now that you have reviewed information about Vinyl Revival, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June:

All accounts: Sales journal, purchases journal, cash receipts journal, cash payments journal, general journal

Subsidiary ledgers:

ARC $-$ Obsenity Records Account No$.110-3$

APC $-$ Toadstool records Account No$.210-1$

APC $-$ Black label Account No$.210-2$

APC $-$ Global records Account No$.210-3$

APC $-$ Mac records Account No$.210-4$

General ledger:

Cash

Accounts receivable control $($ARC$)$

Merchandise inventory

Accounts payable control $($APC$)$

Bank loan payable

Sales revenue

Sales discounts

Purchases

Purchase discounts