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Transactions - week 2 You are now instructed to record transactions that occurred throughout the second week of June into the compan's books:. The week

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Transactions - week 2 You are now instructed to record transactions that occurred throughout the second week of June into the compan's books:. The week 2 transactions are lizted belowa Week 2 Date Transaction description 8 Purchased 11 boxes of Pecan Fudge from Hershel's for $328 each, terms net 30 10 Paid the full amount owing to Spud's Confectionery, Check No. 346. Payment fell outside discount period. Candy Man paid the full amount owing on their account. Since Candy Man has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment. 10 11 Sold 19 boxes of Scorched Almonds to Sweet Tooth for $432 each, Invoice No. 416 11 Paid sales staff wages of $2,042 for the week up to and including yesterday. Check No. 347 12 Paid the full amount owing to Restlay. Check No. 348 12 Paid the full amount owing to Brennan Imports Group, Check No. 349 13 Made cash sale of 9 boxes of Chocolate Coated Coffee Beans for $760 each. Instructions for week 2 1) Record all week 2 transactions in the relevant journals Note that special journals must be used where applicable. Any transaction that cannot be recorded 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 solicies 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 Back-On-Track functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct ansvers. Your particula answers from previous pages are no longer shown 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 amount, subtract the discount from the original amount. Before pressing the Submit answers button, recommend that you click the Show All tad na creck that a relevant accounting records have been completed

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