Using the company's records that are provided below, you are now required to record transactions that occurre

throughout the third week of June. The week $3$ transactions are listed below:

Week $3$

Date Transaction description

$15$ Paid $$2,400$ for one month's rent of the show room $($from $16$ June to $15$ July inclusive$),$ Check No$.729.$

$16$ Received a purchase order from Pikea Created a corresponding sales order to deliver $3$ BlueBerry

Phones to this customer for $$860$ eachtolus $5\%$ sales tax, Invoice No$.282.$

$18$ Pikea paid $$16,600$ in partial payment of their account.

$18$ Handys Electronics paid the full amount owing on their account.

$20$ Sold $49$ DK$800$ Desktop Computers to Radio Hut for $$1,220$ each, plus $5\%$ sales tax, Invoice No$.281.$

$20$ Made cash sale of $41$Zii Game Consoles for a list price of $$1,900$ each plus $5\%$ sales tax. A trade

discount of $20\%$ applies.

$20$ Paid sales staff wages of $$13,125$ for the week up to and including yesterday, Check No$.730.$

$21$ Returned $8$ faulty Zii Game Consoles, originally purchased for $$1,100$ each, to Mega Tech. Received a

Credit Memorandum for $$8,800.$

Instructions for week $3$

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

special journal should be recorded in the general journal.

Post entries recorded in the journals to the appropriate ledger accounts according to the company's

accounting policies and procedures $5.$

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.

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 answers. Your particular

answers from previous pages are no longer shown.

Remember:

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.

In this practice set, in order to receive full points, every transaction entered in a special journal requires

an entry in the Post Ref. column. Note that in the special journals, if the account name selected for a

transaction corresponds to the heading of one of the columns in that special journal, the post ref is to be

recorded as an $x.$ This is because these transactions are not posted on a daily basis. In order to receive

full points, you must record only the letter $x$ in the Post Ref. column for these transactions.

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