Transactions - week 4 You are now asked to record transactions that occurred during the fourth week of June in the company's books, The week 4 transactions are listed below: Week 4 Date Transaction description 24 Made cash sales of $10,010 during the week. Paid the full amount owing to Booked Inn, Check No. 608. 25 25 Ordered 45 copies of Accidental Accountant from Quickdraw Peak for 516 each, agreed terms with Quickdraw Peak are 2/10, n/30 28 Paid the full amount owing to Peachson, Check No. 609. 28 Delivered 60 copies of Popular Moon Guide to the Sea of Tranquility to Paige Turners for $41 each, Invoice No. 204, which was ordered on the 20th Instructions for week 4 1) Record all week 4 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 procedure-tr 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. 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. Enter all answers to the nearest whole dollar - You are also required to apply the joumals and led 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. 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. Debie Credit Check No. Posr Date Account Accouns Cash Purchas8 Discounts Re Accounts Payable PurchasesOuher 2.188 45 Jun 4 APC Quickdraw Peak 803 210-4 2,233 Jun4 Purchases 604 1.380 1,380 1.200 Jun 5 APC Books R Us 605 210-21212 12 Jun | C-Albatross 606 210-5 2.260 2.260 Jun15 Wages Expense 607516 5,2755.275 C Booked Inn 608 210-1 Jun LTAPC Peachson Jun (Q=605.generallournaweekd) GENERAL JOURNAL Post Date Account and Explanation Debit Credit Ref. Jun 10 Sales Returns and Allowances 401 3.335 3.335 Jun 10 ARC Amazone.com 110/110-3 (sales retum) Jun 19 APC Peachson 210/210-3 1.377 Jun 1 Purchase Returns and Allowances 501 1.377 (purchase return) Jun Jun Jun O-610-110-2.AcctsRec2 week4) SUBSIDIARY LEDGERS Account: ARC Cough-up bookstore Account No. 110-2 Date Description Ref Debia Balance May 2,847 DR Jun (Q=610-110-6-AcctsRec6 week.) Account: ARC Paige Turners Account No. 110-6 Cradit Date Description Dlebia Balance 31 Balance May 12 Credit sale SJ 2,635 1,735 DR Jun 16 Repayment CRJ 900 Jun Jun Jun (Q-610-210-1.AcctsPay1 weekd) Account: APC Booked Inn Account No. 210-1 Description Ref Balance May 31 Balance 1,895 CR Jun 3 Credit purchase PJ 900 2,795 CR Jun Jun (0-610-210-3.Accts Pay3 week4) Account: APC Peachson Account No. 210-3 Description Ref Balance May 31 Balance 3.576 CR 3Credit purchase PJ 1,080 4,858 CR 19 Purchase return GJ 1.377 3,279 CFR Jun Jun (Q-610-210-4.AcctsPay4 week 4) Account: APC Quickdraw Peak Account No. 210-4 Date Description Ref Balance May 31 Balance 2,233 CR Jun 4 Repayment 2.233 Jun Jun (Q-620-100.Cash week4) GENERAL LEDGER Account: Cash Account No. 100 Date Rel Description Dabis Balance ay 31 Balance 16,938 DR Jun Jun (Q-620-110. AcctsRecControl week4) Account: ARC Accounts Receivable Control Account No. 110 Date Description Ref. nebi Credit Balance May 31 Balance 11,329 DR Jun 10 Sales return from Amazone.conm GJ 3.335 7,994 DR Jun Jun Q-620-120.Inventory week4) Account: Merchandise Inventory Account No. 120 Date Description Ref Debit Credie Balance May 31 Balance 82,722 DR (Q-620-210.AcctsPayControl week4) Account: APC Accounts Payable Control Account No. 210 Date Description Ref Debit Balance May31 Balance Jun1Purchase return to Peachson GJ 1.377 9,800 CR Jun Jun (O-620-400.SalesRevenue week4) Account: Sales Revenue Account No. 400 Ceadis Description Ref Balance 31 Balance May Jun (0-620-500.Purchases week4) Account: Purchases Account No. 500 Date Description Ref Debie Balance May31 Balance Jun
