Transactions - week 3 Jsing the company's records that are provided below, you are now required to ecord transactions that occurred throughout the third week of June. The veek 3 transactions are listed below Week 3 Date Transaction description 15 Paid sales staff wages of S5,275 for the two weeks up to and including yesterday, Check No. 607 16 Sold 130 copies of Barry Plotter and the Chart of Accounts to Cliffs Notes for $41 each, Invoice No. 203 16 Paige Turners paid S900 in partial payment of their account. Made cash sales of S9,103 during the week. Amazone.com paid the full amount owing on their account. 17 19 19 Returned S1,377 worth of faulty product to Peachson. Received a Credit Memorandum for S1,377 20 Received a purchase order from Paige Turners. Created a corresponding sales order to deliver 60 copies of Popular Moon Guide to the Sea of Tranquility to this customer for $41 each, Invoice No. 204 Instructions for week 3 1) Record all week 3 transactions in the relevant journals. Note that special journals must be used where applicable. Any transaction that cannot be recorded in a s recorded in the general journal pecial journal should be 2) Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting Note that the relevant totals of the special jourmals 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. 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 answers. Your particular answers from previous pages are no longer shown. Remember: .You are required 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 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 . You are also required to apply the lourn als and ledgers instructions provided in Week 1. Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed Special Journals General Journal Subsidiary Ledgers General Ledger (Q-501.salesJournalWeek3) SALES JOURNAL Invoice No. Post Date AcceLWT Ref Amount 110-3 Jun 7 ARC Amazone.comm 201 4,070 -R 202 110-6 2,635 Jun 12 ARC Paige Turners Jun Jun Jun Jun (Q=502.purchasesJournalweek3) PURCHASES JOURNAL Poat Ref. Amount lade Account Terms 1.080 Jun 3 APC Peachson net 30 210-3 900 Jun 3 APC - Booked Inn 2/10, n/30 210-1 Jun select Jun Jun Jun (Q=503.cashReceiptsJournalweek 3) 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. Crea Date Account Ref Cash DiscountS SalesAccOum5Ouher Jun Bank Loan Payable 250 41,000 41,000 4.536 Jun 3 Sales Revenue X4,536 Jun 10 ARC Outlines 110-12,765 307 3,072 x11,550 11.550 Jun 10 Sales Revenue Jun Jun Jun Jun Jun Jun (Q=504 .cashPaymentsluumalWeek3) 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. Credif Check Post No. Ref Accounts Date Account Accouns PurchaseS Accounts Payable PurchasesOher AccounIsCashPurchass Jun 4 APC Quickdraw Peak 603 210-4 2,233 45 Jun 4 Purchases 604 1.380 605 210-2 1.212 606 210-5 2.280 1.200 Jun 5 APC Books R Us Jun IAPC Albatross 2.260 Jun Jun Jun GENERAL JOURNAL Post Debit Date Account and Explanation Ref 401 Jun 10 Sales Returns and Allowances 3.335 110110-3 Jun 10 ARC Amazone.com 3,335 (sales return) Jun Jun Jun (Q-510-110-3.AcctsRec3 week3) SUBSIDIARY LEDGERS Account: ARC Amazone.con Account No. 110-3 Date Description Ref Debit Cradit Balance May 31 Balance 2,062 DR Jun 7 Credit sale SJ 4,070 6,132 DR 10 Sales return GJ 3.335 2,797 DR Jun Jun Jun Jun Q-510-110-5.AcctsRecs week 3) week3) Account: ARC Cliff's Notes Account No. 110-5 Credit Date Description Ret Balance May 31 Balance Jun Jun Jun (Q-510-110-6-AcctsReco week3) Account: ARC Paige Turners Account No. 110-6 Date Description Ref Debit Balance May 31 Balance 2,635 DR Jun 12 Credit sale SJ 2.635 Jun Jun Jun Q-510-210-3.AcctsPay3 week3) Account: APC Peachson Account No. 210-3 Craci Date Description Ref Debit Balance 31 Balance May 3,576 CR 1.080 Jun Credit purchase PJ 4,656 CR Jun Jun Jun (Q-520-100.Cash week3) GENERAL LEDGER Account: Cash Account No. 100 Date Description Ref Debit Credit Balance May 31 Balance 16,938 DR Jun Jun (0-520-110 AcctsRecControl week3) Account: ARC Accounts Receivable Control Account No. 110 Date Description Ref Debit Creei Balance May 31 Balance 11,329 DR Jun 10 Sales return from Amazone.com GJ 3.335 7,994 DR Jun Jun (Q=520-120-Inventory week3) Account: Merchandise Inventory Account No. 120 Date Description Balance May 31 Balance 82,722 DR Jun (Q-520-210.AcctsPayControl week3) Account: APC Accounts Payable Control Account No. 210 Credit Description Ref Debit Balance May 31 Balance 11,177 CR Jun Jun (Q=520-400SalesRevenue week3) Account: Sales Revenue Account No. 400 Ref Description Debit Creelt Balance May 31 Balance Jun (Q-520-500.Purchases week3) Account: Purchases Account No. 500 Description Credit Balance May 31 Balance Jun O-520-501.PurchaseReturns week3) Account: Purchase Returns and Allowances Account No. 501 Description Ref Debit Credit Balance May 31 Balance Jun Jun Account: Wages Expense Account No. 516 Date Description Ref Debit Credit Balance May 31 Balance Jun Jun Jun