Transactions week 5 You are now required to enter transactions that occurred during the final week of June into the company's books. The following transactions occurred throughout the last week of June Week 5 Date Transaction description 29 Gimmicks paid the full amount owing on their account. 29 Paid sales staff wages of $5,277 for the two weeks up to and including yesterday, Check No. 610 30 Received 45 copies of Accidental Accountant for $16 each, which were ordered on the 25h, agreed terms with Quickdraw Peak are 2/10, n/30 30 Made cash sales of S9,034 during the last 6 days of the month. 30 Paid monthly salary of $8,700 to Rinaldo Thomson, Check No. 611 Instructions for week 5 1) Record all week 5 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 procedurest 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. provided in 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 Journa Subsidiary Ledgers General Ledger Q-701.salesJournalWeek5) Information from previous pages SALES JOURNAL . General instructionst - Policies and procedurest . All transactionst Adusting entries information -Trial balance May Schedules of accountsMay . Bank rec . Bank statementtr June . Joumals and ledgers instructionst Invoice Post Amount Date Account Ref No. 7 ARC Amazone.com 110-3 201 4,070 ation May Jun12 ARC Paige Turners 202 110-8 2,635 203 110-5 Jun 16 ARC Cliff's Notes 5.330 204 Jun 28 ARC Paige Turners 2.460 Jun Jun Jun Jun (Q=702.purchaseslournal Week5) PURCHASES JOURNAL Post Amount Date Account Terms 3 APC - Peachson 210-3 1,080 net 30 210-1 Jun 3 APC Booked Inn 2/10, n/30 900 Jun Jun Jun Jun qe703.cashReceiptsJournal Week5) 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 Podt Ref. Cash SafesSafe5 Dete Account Jun Bank Loan Payable 250 41.000 41.000 xi 4.538 Jun 3Sales Revenue 110-1 2.785 307 Jun 10 ARC Outlines 3.072 Jun 10 Sales Revenue X11.550 11,550 Jun 16 ARC Paige Turners 110-8 900 900 X9.103 Jun17 Sales Revenue 9,103 Jun 19 ARC Amazone.com 110-32,797 2,797 x 10.010 10.010 Jun 24 Sales Revenue Jun Jun Jun Jun Jun Jun (O-704 cashPaymentsicurnalWeek5) 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 dditional 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 Crecer Check Post No.ReAccounS Date Account Payable rchasOher Accouns Cash Purchase 45 Jun 4 APC Quickdraw Peak 603 210-42,233 2.188 804 Jun 4Purchases 1.380 1.380 Jun 5 APC- Books R Us 605 210-2 1,212 1.200 12 2.280 Jun 9 APC Albatross 606 210-5 2,260 Jun 15 Wages Expense 5.275 5.275 607516 608 210-1 2.798 Jun 25 APC Booked Inn 2,798 3.279 Jun 28 APC Peachson 609 210-3 3,279 Jun Jun Jun Jun Jun (Q=705.generalJournalWeek5) GENERAL JOURNAL Post Ref Date Account and Explanation Debit Credit Jun 101 Sales Returns and Allowances 401 3.335 110/110-3 Jun 10 ARC Amazone.com 3.335 (sales retum) Jun 1 APC Peachson 210/210-3 1.377 501 Jun 1Purchase Returns and Allowances 1.377 fpurchsse return) Jun Jun Jun week5) O-710-110-4 SUBSIDIARY LEDGERS Account: ARC Gimmicks Account No. 110-4 Date Description Debit Cred Balance Ref May31 Balance 3,348 DR Jun Jun Jun 0-710-210-4.AcutsPay4 week-5) Account: APC Quickdraw Peak Account No. 210-4 Description Ref Debit Credit Balance May 31 Balance 2,233 CR 4 Repayment CPJ 2.233 Jun Jun (Q 720-100.Cash week5) GENERAL LEDGER Account: Cash Account No. 100 Debit Date Description Credit Balance Ref 31 Balance May 16,938 DR Jun Jun O-720-110-0.ARControl week5) Account: ARC Accounts Receivable Control Account No. 110 Date Description Ref Debit Credit Balance May31 Balance 11,329 DR Jun 10 Sales return from Amazone.com GJ 3.335 7.994 DR Jun Q 720-120.Irventory week5) Account: Merchandise Inventory Account: Salary Expense Account No. 545 Date Description Ref Debit Credit Balance May 31 Balance Jun Jun Jun