Week 2 Date Transaction description 10 Paid the full amount owing to Moon Metasystems, Check No. 906. 11 Sold 4 MX620 Notebook Computers to Handys
Week 2
Date Transaction description
10Paid the full amount owing to Moon Metasystems, Check No. 906.
11Sold 4 MX620 Notebook Computers to Handys Electronics for $420 each, Invoice No. 202.
11Turbo Tech paid the full amount owing on their account. Since Turbo Tech has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment.
11Made cash sales of $11,355 during the week.
11Hypertronics returned $2,252 worth of product. Issued a Credit Memorandum for $2,252.
Show All Special Journals General Journal Subsidiary Ledgers | General Ledger Information from previous pages (Q=401.salesJournalWeek2) General instructions Policies and procedures SALES JOURNAL All transactions Adjusting entries information Trial balanced - May Account Invoice Post Schedules of accounts e - May Date No. Ref. Amount Bank reconciliation - May Bank statement - June Jun 4 ARC - Hypertronics 201 110-3 950 . Journals and ledgers instructions Jun select Jun select Jun select) Jun select (Q=402.purchasesJournalWeek2) PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun 4 APC - Mega Tech 2/10, n/30 210-1 1, 110 Jun 7 APC - Pear Technology net 30 210-3 1,100 Jun select Jun select) Jun select Jun select (Q=403.cashReceiptsJournalWeek2)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. Debit Date Account Post Credit Ref. Cash Sales Sales Accounts Other Discounts Revenue Receivable Accounts Jun Bank Loan Payable 250 43,000 43,000 Jun 4 Sales Revenue X 6,820 6,820 Jun (select) ........................... Jun select) Jun select) Jun select) 5 Jun select) Jun select) (Q=404.cashPaymentsJournalWeek2) CASH PAYMENTS JOURNALCASH 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. Check No. Post Ref. Accounts payable Debit other purchases Accounts Credit purchase Discounts Jun Jun Jun Jun Jill All; All} Jun Jun no DUDE APC Big \"3'00 purchases APC PDny ($3. ($1.. (will 903 905 2102 UDDW 3 m "i" M (Q2404cashPaymentshumalWeelQ) Show All Special Journals General Journal |Subsidiary Ledgers General Ledger (Q=405.generalJournalWeek2) GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit Jun (select) (select) Jun (select) select) Jun (select) (select)SUBSIDIARY LEDGERS All LIUINJULUVIN- Adjusting entries information er Account: ARC - Turbo Tech Trial balance - May Schedules of accounts - May Account No. 110-1 Bank reconciliation - May Bank statement - June Date Description Ref. Debit Credit Balance Journals and ledgers instructions May 31 Balance 3,608 DR Jun V Jun V Jun (Q=410-110-3.AcctsRec3_week2) Account: ARC - Hypertronics Account No. 110-3 Date Description Ref. Debit Credit Balance May 31/ Balance 2,012 DR Jun Credit sale 2,962 DR Jun Jun V Jun (Q=410-110-6.AcctsRec6_week2) Account: ARC - Handys Electronics Account No. 110-6 Date Description Ref. Debit Credit Balance May Balance Jun Jun Jun (Q=410-210-5.AcctsPay5_week2) Account: APC - Moon Megasystems Account No. 210-5 Date Description Ref. Debit Credit Balance May 31 / Balance 3,324 CR Jun v ... .....................mmm Jun JunTrial balance - May Account: Cash Schedules of accountse - May Account No. 100 Bank reconciliation - May Bank statement - June Date Description Ref. Debit Credit Balance Journals and ledgers instructions May 31 Balance 26,555 DR Jun Jun Jun (Q=420-110.Acct=RecControl_week2) Account: ARC - Accounts Receivable Control Account No. 110 Date Description Ref. Debit Credit Balance May 31 Balance 12,812 DR Jun Jun Jun (Q=420-120.Inventory_week2) Account: Merchandise Inventory Account No. 120 Date Description Ref. Debit Credit Balance May 31 Balance 89,316 DR Jun Jun Jun (Q=420-210.AcctsPayControl_week2) Account: APC - Accounts Payable Control Account No. 210 Date Description Ref. Debit Credit Balance May 31 Balance 16,835 CR Jun Jun JunAccount: Sales Revenue Account No. 400 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun (Q=420-401.SalesReturns_week2) Account: Sales Returns and Allowances Account No. 401 Date Description Ref Debit Credit Balance May 31 Balance Jun "............................ Jun Jun (Q=420-402.SalesDisc_week2) Account: Sales Discounts Account No. 402 Date Description Ref Debit Credit Balance 0 May 31 Balance Jun Jun Jun (Q=420-500.Purchases_week2) Account: Purchases Account No. 500 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun(Q=420-501. PurchaseReturns_week2) Account: Purchase Returns and Allowances Account No. 501 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun (Q=420-502.PurchaseDisc_week2) Account: Purchase Discounts Account No. 502 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun ........................ ......................................................................."
