Record transactions that occurred throughout the fourth week of June in the company's books. The week 4 transactions are listed below:

Week 4
Date	Transaction description
22	Sold 61 Zii Game Consoles to Radio Hut for $2,088 each, Invoice No. 765.
23	Ordered 14 Zii Game Consoles from Pear Technology for $1,384 each. Agreed terms with Pear Technology are 2/10, n/30.
25	Paid sales staff wages of $13,214 for the week up to and including yesterday, Check No. 321.
26	Made cash sale of 12 Swish Phones for $856 each.
27	Delivered 31 Mieca Camera Lenses to Hypertronics for $832 each, Invoice No. 766. These items were ordered on the 19th.
27	Turbo Tech paid the full amount owing on their account.
28	Paid the full amount owing to Big Telco, Check No. 322. Payment fell outside discount period.
28	Returned 8 faulty BlueBerry Phones, originally purchased for $536 each, to JCN Electrical. Received a Credit Note for $4,288.

Instructions for week 4

1)Record all week 4 transactions in the relevant journals.

Note that special journals must be used where applicable. Any transaction that cannot be recorded in a special journal should be recorded in the general journal.

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.

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
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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

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
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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
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