SALES JOURNAL

Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)

(Q=302.purchasesJournalWeek1) PURCHASES JOURNAL

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

(Q=303.cashReceiptsJournalWeek1) CASH RECEIPTS JOURNAL

Note:In order to receive full points, for each transaction you must select an account under the column labeled 'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate account credited in these transactions into the Account column so that the type of transaction can be determined by the name of the account entered into this column.

Jun	Cash(select)
Jun	Sales Revenue(select)
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)

(Q=304.cashPaymentsJournalWeek1) CASH PAYMENTS JOURNAL

Note:In order to receive full points, for each transaction you must select an account under the column labeled 'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate account debited in these transactions into the Account column so that the type of transaction can be determined by the name of the account entered into this column.

Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)

(Q=305.generalJournalWeek1) GENERAL JOURNAL

Jun	(select)
		(select)
Jun	(select)
		(select)
Jun	(select)
		(select)

(Q=310-110-3.AcctsRec3_week1) SUBSIDIARY LEDGERSAccount:ARC - Turbo Tech Account No. 110-3

May	31	Balance				2,199 DR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=310-210-1.AcctsPay1_week1) Account:APC - Mega Tech Account No. 210-1

May	31	Balance				2,061 CR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=310-210-2.AcctsPay2_week1) Account:APC - JCN Electrical Account No. 210-2

May	31	Balance				3,735 CR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=310-210-3.AcctsPay3_week1) Account:APC - Big Telco Account No. 210-3

May	31	Balance				3,428 CR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=310-210-4.AcctsPay4_week1) Account:APC - Pear Technology Account No. 210-4

May	31	Balance				1,909 CR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-100.Cash_week1) GENERAL LEDGERAccount:Cash Account No. 100

May	31	Balance				29,357 DR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-110.AcctsRecControl_week1) Account:ARC - Accounts Receivable Control Account No. 110

May	31	Balance				11,077 DR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-120.Inventory_week1) Account:Merchandise Inventory Account No. 120

May	31	Balance				87,612 DR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-210.AcctsPayControl_week1) Account:APC - Accounts Payable Control Account No. 210

May	31	Balance				14,365 CR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-250.LoanPayable_week1) Account:Bank Loan Payable Account No. 250

May	31	Balance				0
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-400.SalesRevenue_week1) Account:Sales Revenue Account No. 400

May	31	Balance				0
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-402.SalesDisc_week1) Account:Sales Discounts Account No. 402

May	31	Balance				0
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-500.Purchases_week1) Account:Purchases Account No. 500

May	31	Balance				0
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR
Jun	GJPJSJCRJCPJ	DRCR

(Q=320-502.PurchaseDisc_week1) Account:Purchase Discounts Account No. 502 Date Description Ref. Debit Credit Balance May 31 Balance 0 Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR JunGJPJSJCRJCPJ DRCR

Instructions for week 1

1)Record all week 1 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 accountingpolicies 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 do this before you prepare the Bank Reconciliation Statement.

Transaction description

1

Obtained a loan of $54,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2016 and the principal of the loan is to be repaid on June 1, 2020.

3

Purchased 3 BG90 Plasma Televisions from Big Telco for $460 each, terms net 30.

3

Purchased 4 MX620 Notebook Computers from Mega Tech for $370 each, terms 2/10, n/30.

4

Paid the full amount owing to Pear Technology, Check No. 903. Payment fell within discount period.

4

Made cash sales of $6,606 during the first 4 days of the month.

4

Purchased 9 Swish Phones with cash for $120 each, Check No. 904.

6

Sold 5 Mieca Camera Lenses to Turbo Tech for $390 each, Invoice No. 501.

7

Paid the full amount owing to JCN Electrical, Check No. 905. Payment fell within discount period.