The following transactions occurred throughout the first week of June: Week 1 Date Transaction description 1 Purchased 21 sets of Minor-league Base Balls from Sport Borders for $43 each, terms net 30. 1 Obtained a loan of $43,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2021 and the principal of the loan is to be repaid on June 1, 2024. 2 Sold 20 sets of Minor-league Base Balls to Jump Around for $59 each, Invoice No. 501. 3 Purchased 20 Rugby Balls from Sports 'R Us for $30 each, terms 2/10, n/30. 3 Purchased 21 boxes of Tennis Balls with cash for $26 each, Check No. 603. 4 Paid the full amount owing to Hike, Check No. 604. Payment fell within discount period. 5 Paid the full amount owing to Extreme Sports Supplies, Check No. 605. Payment fell within discount period. 5 Made cash sales of $6,626 during the first 5 days of the month

GENERAL LEDGER

Account: Cash Account No. 100

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				29,410 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-110.AcctsRecControl_week1)

Account: ARC - Accounts Receivable Control Account No. 110

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				10,945 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-120.Inventory_week1)

Account: Merchandise Inventory Account No. 120

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				80,916 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-210.AcctsPayControl_week1)

Account: APC - Accounts Payable Control Account No. 210

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				12,139 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-250.LoanPayable_week1)

Account: Bank Loan Payable Account No. 250

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-400.SalesRevenue_week1)

Account: Sales Revenue Account No. 400

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-402.SalesDisc_week1)

Account: Sales Discounts Account No. 402

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-500.Purchases_week1)

Account: Purchases Account No. 500

Date		Description	Ref.	Debit	Credit	Balance
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
Jun			GJPJSJCRJCPJ			DRCR