??????????????? Show All Special Journals General Journal Subsidiary Ledgers General Ledger (Q=301.salesJournalWeek1) SALES JOURNAL Date Account Invoice No. Post Ref. Amount Jun 4 (select Jun select) Jun (select) Jun (select (Q=302.purchasesJournalWeek1) PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun 3 | APC - Phin records select) 2/10 n/30 1360 Jun 3 (select) 605 585 Jun 5 (select) Jun (select) (Q=303.cashReceiptsJournalWeek1) CASH RECEIPTS JOURNAL to rocoin full point bote for column labo 'Account' an indi the additionalist 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. Date Account Post Rer. Debit Credit Sales Sales Accounts Cash Other Discounts Revenue Receivable Accounts Jun select Jun sele Jun Jun Beleet Jun seel Jun secot (Q=304.cash PaymentsJournalweska) 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. Debit Date Account Check No. Post Ref. Account Purchase Other Accounts Credit Cash Purchase Discounts Payable Jun Jun Veeled Jun Jun sele ele Jun Jun Show All Special Journals General Journal Subsidiary Ledgers General Ledger (Q=305.generalJournalWeeki) GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit Jun select) (select Jun (select select Jun select) select Submit answers Show All Special Journals General Journal Subsidiary Ledgers General Ledger (Q=310-110-3.AcctsRec3_weeki) SUBSIDIARY LEDGERS Account: ARC - KB Lo-Fi Account No. 110-3 Ref. Debit Credit Date May Description 31 Balance Balance 2,223 DR Jun V Jun Jun (Q=310-210-1.AcctsPay1_weeki) Account: APC - Toadstool records Account No. 210-1 Date Ref. Debit Credit Description 31 Balance Balance 3,424 CR May Jun Jun Jun (Q=310-210-2.AcctsPay2_weeki) Account: APC - Mapster records Account No. 210-2 Description Ref. Debit Credit Balance Date May 31 Balance 2,417 CR Jun Jun Show All Special Journals General Journal Subsidiary Ledgers General Ledger (Q=320-100.Cash_weeki) GENERAL LEDGER Account: Cash Account No. 100 Date Ref. Debit Credit Balance Description 31 Balance May 22,294 DR Jun Jun Jun (Q=320-110.AcctsRecControl_weeki) Account: ARC - Accounts Receivable Control Account No. 110 Ref. Debit Credit Date May Jun Description 31 Balance Balance 8,100 DR Jun Jun (Q=320-120.Inventory_weeki) Account: Merchandise Inventory Account No. 120 Ref. Debit Credit Date May Jun Description 31 Balance Balance 77,477 DR Jun Jun (Q=320-210. AcctsPayControl_weeka) Account: APC - Accounts Payable Control Account No. 210 Description Ref. Debit Credit Date May Balance 13,117 CR 31 Balance Jun Jun 7 7 Jun oo (Q=320-250.Loan Payable_weeki) Account: Bank Loan Payable Account No. 250 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun Jun V 7 Jun (Q=320-400. SalesRevenue_weeki) Account: Sales Revenue Account No. 400 Description Ref. Debit Credit Balance Date May 31 Balance 0 Jun Jun Jun V 7 (Q=320-402.SalesDisc_week1) Account: Sales Discounts ALLOUTIL TVU. TUZ Date Ref. Debit Credit Balance Description 31 Balance 0 May Jun Jun Jun (Q=320-500. Purchases_weeks) Account: Purchases Account No. 500 Ref. Debit Credit Balance Date May Description 31 Balance 0 Jun Jun Jun (Q=320-502.PurchaseDisc_weeki) Account: Purchase Discounts Account No. 502 Ref. Debit Credit Balance Date May Description 31 Balance 0 Jun Jun Jun Remaining pages will ta The time frames we provide an take you more or less time to Your grading 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 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 after you prepare the Bank Reconciliation Statement. Remember to enter all answers to the nearest whole dollar. When calculating a discount, if a discount is not a whole number, round the discount to the nearest whole dollar. Then, to calculate the cash at bank amount, subtract the discount from the original amount. Your grading outcome Points (prior to this page Points (on this page) Points (after this page) Additional instructions Total Information from pr Displaying selected accounting records: To save space, not all accounting records (e.g. journals and ledgers) will be displayed on every page. However, on each page you can access all accounting records necessary to answer the questions on that page. . There are several tabs representing different views of the accounting records. The active tab by default is Show All, but you may also select to view just one particular accounting record by selecting the appropriate tab. . If you fill in any accounting records and change the view on the page by selecting a different tab, the information that you have entered will remain in that accounting record and be displayed whenever you can see that accounting record. . Before submitting your answers, we recommend that you click the Show All tab and check that all relevant accounting records have been completed. You are required to complete all relevant accounting records before pressing the Submit answers button. Once submitted, you will not be able to retum to the page to re-enter or alter your answers. . • General instructions Policies and procedures All transactions Adjusting entries infom Trial balance - May • Schedules of accounts • Inventory cards - May Bank reconciliation Bank statemente - Jun . Journals: Each transaction recorded in a special journal must be entered in one line. In order to receive full points, you must not split up the relevant transaction into more than one line in the special journal. For certain transactions in special journals, some accounting textbooks do not always require an account to be chosen under the column labeled Account. In this practice set you are required to select an account for each transaction in the special journals. Specifically, in all special journals, under the column labeled Account, you must select the correct account name for each transaction in order to receive full points. Note that for some transactions, this will mean that the account name selected will correspond to the heading of one of the columns in that special journal. For each journal, in the Post Ref. column you will need to correctly type the account number of the account you are posting to. In particular, in special journals, some accounting textbooks do not always require a reference to be recorded in the Post Ref. column. In this practice set, in order to receive full points, every transaction entered in a special journal requires an entry in the Post Ref. column. Note that in the special journals, if the account name selected for a transaction corresponds to the heading of one of the columns in that special journal, the post ref is to be recorded as an X. This is because these transactions are not posted on a daily basis. In order to receive full points, you must record only the letter X in the Post Ref. column for these transactions. Note that in special journals, the Other Accounts column should not be used to record movements of inventory. If a cheque number is not required, you need to fill the appropriate input box with an X. • There may be entries in the general journal that require posting to both a control account and a subsidiary ledger. In these cases, after you have posted to both ledgers, you should enter the reference for both the general ledger account and the subsidiary ledger account in the Post Ref. column to indicate that you have posted to both accounts. For example, if the reference number for the control account is 110 and the reference number for the subsidiary ledger account is 110-1, you should type '110/110-1' into the Post Ref. column. General journal entries do NOT require a description of the journal entries. Ledgers: - . . • When posting a transaction to a ledger account, under the Description column, please type the description of the transaction directly into the field. The exact wording does not matter for grading purposes. For example, it does not matter in an electricity transaction if you type 'Paid for electricity' or Paid electricity bill'. . For each ledger, under the Ref. column, you need to select the correct journal from a list in the drop- down box provided in order to receive full points. . If the balance of a ledger account is zero you do not need to select a debit or credit from the drop-down . Each transaction posted to the subsidiary ledgers must be entered in one line. In order to receive full points, you must not split up the relevant transaction into more than one line in the subsidiary ledger box Ledgers: • When posting a transaction to a ledger account, under the Description column, please type the description of the transaction directly into the field. The exact wording does not matter for grading purposes. For example, it does not matter in an electricity transaction if you type 'Paid for electricity' or 'Paid electricity bills. . For each ledger, under the Ref. column, you need to select the correct journal from a list in the drop- down box provided in order to receive full points. • If the balance of a ledger account is zero you do not need to select a debit or credit from the drop-down box. . Each transaction posted to the subsidiary ledgers must be entered in one line. In order to receive full points, you must not split up the relevant transaction into more than one line in the subsidiary ledger. Both journals and ledgers: . Most journals and ledgers will have blank rows left at the end of the page. • Some journals and ledgers may not require any entries. . When purchases and sales are recorded in special journals, the corresponding changes in inventory must not be posted to the Inventory account in the general ledger on a daily basis. Show All Special Journals General Journal Subsidiary Ledgers General Ledger SALES JOURNAL Date Account Invoice No. Post Ref. Accounts Receivable Cost of Sales Jun select Jun selech 0000 Jun select Jun BE T531