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Record the June transactions in the appropriate journal: sales, purchases, cash receipts, cash payments and general. Post the journals to the general and subsidiary ledgers.

Record the June transactions in the appropriate journal: sales, purchases, cash receipts, cash payments and general.

  1. Post the journals to the general and subsidiary ledgers. New accounts should be added as needed
  2. Record the adjusting journal entries required for the year ended 30 June 2020 in general journal format.

TRANSACTIONS

Week 1

June 1 Sold inventory to Cat Hotel $7,380, invoice # 218. Issued cheque #40 to pay delivery costs of $180 to Fasta Courier. The delivery cost is not recoverable from the buyer.

Paid the amount owing to Pet Supplies, cheque #41.

Purchased store supplies for $1,485 from Kmart, cheque #42.

Received the mount owing from Pooch Parlour, receipt #121.

2 Received the amount owing from Pets R Us, receipt #122

Paid the amount owing to Glamour Pets, cheque #43.

Recorded cash sales for the week of $11,542.

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