Week 2
Date	Transaction description
9	Paid the full amount owing to Spud's Confectionery, Cheque No. 606.
9	Mercury Square returned $2,103 worth of product. Issued a Credit Note for $2,103.
10	Made cash sales of $11,288 during the week.
12	Candy Man paid the full amount owing on their account. Since Candy Man has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment.
13	Sold 20 boxes of Party Mix to Central Candy for $80 each, Invoice No. 202.

Instructions for week 2

1)Record all week 2 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 procedures.

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 after you prepare the Bank Reconciliation Statement.

Apps Ads For Your Busine... My Drive - Google... COURSES Q Get Your SK Show All Special Journals General Journal General Journal SunStary Ledgers General Ledger (Q-401. sales JournalWeek2) Schi Ban Ban Jour SALES JOURNAL Date Account Invoice No. 201 Post Ref. Amount Jun 6 ARC - Mercury Square 110-3 1,140 Jun (select) Jun select) Jun 111 select Jun select) PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun 2/10, n/30 210-1 1,000 Jun 3 APC - Gillard Wholesalers 7 APC - East Tangiers Cooperative select net 30 210-3 720 Jun Jun select) 100) Jun select v Jun select) CASH RECEIPTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labelled "Account', as indicated Instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to enter the name of the approp transactions into the Account column so that the type of transaction can be determined by the name of the account entered into this col Date Account Post Ref. Jun Debit Cash at Discount Bank 55,000 4.524 Allowed 1 Bank Loan Payable 3 Sales Revenue 250 Credit Sales Accounts Other Revenue Receivable Accounts 55.000 4,524 Jun X Jun Jun Jun 000000 select Jun Isoloch) Jun Jun Type here to search (Q-404. (Q-404 CASH PAYMENTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labelled 'Account', as indicated under instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to enter the name of the appropriate 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 Cheque No. Post Ref. Purchases Accounts Payable 1.335 Other Accounts Credit Cash ar Discount Bank Received 1,322 13 800 Jun 603 210-2 604 800 Jun Jun 3 APC - Brennan Imports Group 3 Purchases 6 APC - Hershel's select) 605 210-4 3,659 3,586 73 Jun Jun select) Jun select) DDDDDD Jun select) Jun Jun select) (0-105 GENERAL JOURNAL Date Account and Explanation Post Debit Credit Ref. Jun salect) salec) Jun 0 0 0 select sele Jun select select) (Q-410-110-1 SUBSIDIARY LEDGERS Account: ARC - Candy Man Account No. 110-1 Ref. Debit Credit Date Description May 31 Balance Type here to search Balance 1,109 DR O SUBSIDIARY LEDGERS Account: ARC - Candy Man Account No. 110-1 Date Ref. Description 31 Balance Debit Credit Balance May 1,109 DR Jun V Jun Jun Account: ARC - Mercury Square Account No. 110-3 ( Date Ref. Debit Credit Balance May Jun Description 31 Balance 6 Credit sale SJ 1,140 1,965 DR 3,105 DR Jun Jun Jun V Account: ARC - Central Candy Account No. 110-6 Q-41 Date May Description 31 Balance Ref. Debit Credit Balance 0 Jun v *100 Jun bil Jun Account: APC - Spud's Confectionery Account No. 210-5 (9-410-2 Description Date May Ref. Debit Credit 31 Balance Balance 2,509 CR Jun V Jun 000 DOO (9-420-100 Type here to search O GENERAL LEDGER Account: Cash at Bank Account No. 100 Date Ref. Description 31 Balance Debit Credit May Balance 26,758 DR Jun Jun V Jun Account: ARC - Accounts Receivable Control Account No. 110 (Q 100 000 Date Description 31 Balance Ref. Debit Credit May Balance 10,105 DR Jun Jun V lol Jun V Account: Inventory Account No. 120 Date Description 31 Balance Ref. Debit Credit May Balance 72,101 DR Jun Jun 000 lll Jun v Account: APC - Accounts Payable Control Account No. 210 (-420 21 Date May Ref. Description 31 Balance Debit Credit Balance 14,041 CR Jun V Jun 000 DOO DOO Jun Account: Sales Revenue Account No. 400 (Q-420 400 Type here to search O Ei Apps Ads For Your Busine... My Drive - Google... COURSES Q Get Your Skilled Oc... (Q=420-400 Account: Sales Revenue Account No. 400 Date Ref. Debit Credit Description 31 Balance Balance May Jun III: Jun Jun (420-401 Account: Sales Returns and Allowances Account No. 401 Date Ref. Debit Credit Description 31 Balance Balance May 0 Jun V Jun Jun (0=420.402. DIE Account: Discount Received Account No. 402 Date Ref. Debit Description 31 Balance Credit Balance May Jun v Jun Jun V (Q-420-500 Account: Purchases Account No. 500 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun (Q=420-501. Purchase Account: Purchase Returns and Allowances Account No. 501 Date Ref. Description 31 Balance Debit Credit Balance May O Jun Type here to search Tour busine... My Drive - Google... COURSES Get Your Skilled Oc... Jun L Account: Discount Received Account No. 402 (Q-4 Ref. Date May Description 31 Balance Debit Credit Balance 0 Jun v Jun III v se Jun Account: Purchases Account No. 500 (Q=4 Date May Description 31 Balance Ref. Debit Credit Balance 0 Jun Jun 100 V Jun Account: Purchase Returns and Allowances Account No. 501 (0=420-501.P Date Ref. Description 31 Balance Debit Credit Balance May Jun 0 Jun Jun (Q-420-573. Digo Account: Discount Allowed Account No. 573 Ref. Date May Description 31 Balance Debit Credit Balance Jun V Jun V v Jun Manual Accounting Practice su Ragglers, Australiano (VA) 2009-2014 Pro/four through http://www.perisco.com Lamac Policy Thursday 04, 2010, 16:40 perc Type here to search Apps Ads For Your Busine... My Drive - Google... COURSES Q Get Your SK Show All Special Journals General Journal General Journal SunStary Ledgers General Ledger (Q-401. sales JournalWeek2) Schi Ban Ban Jour SALES JOURNAL Date Account Invoice No. 201 Post Ref. Amount Jun 6 ARC - Mercury Square 110-3 1,140 Jun (select) Jun select) Jun 111 select Jun select) PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun 2/10, n/30 210-1 1,000 Jun 3 APC - Gillard Wholesalers 7 APC - East Tangiers Cooperative select net 30 210-3 720 Jun Jun select) 100) Jun select v Jun select) CASH RECEIPTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labelled "Account', as indicated Instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to enter the name of the approp transactions into the Account column so that the type of transaction can be determined by the name of the account entered into this col Date Account Post Ref. Jun Debit Cash at Discount Bank 55,000 4.524 Allowed 1 Bank Loan Payable 3 Sales Revenue 250 Credit Sales Accounts Other Revenue Receivable Accounts 55.000 4,524 Jun X Jun Jun Jun 000000 select Jun Isoloch) Jun Jun Type here to search (Q-404. (Q-404 CASH PAYMENTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labelled 'Account', as indicated under instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to enter the name of the appropriate 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 Cheque No. Post Ref. Purchases Accounts Payable 1.335 Other Accounts Credit Cash ar Discount Bank Received 1,322 13 800 Jun 603 210-2 604 800 Jun Jun 3 APC - Brennan Imports Group 3 Purchases 6 APC - Hershel's select) 605 210-4 3,659 3,586 73 Jun Jun select) Jun select) DDDDDD Jun select) Jun Jun select) (0-105 GENERAL JOURNAL Date Account and Explanation Post Debit Credit Ref. Jun salect) salec) Jun 0 0 0 select sele Jun select select) (Q-410-110-1 SUBSIDIARY LEDGERS Account: ARC - Candy Man Account No. 110-1 Ref. Debit Credit Date Description May 31 Balance Type here to search Balance 1,109 DR O SUBSIDIARY LEDGERS Account: ARC - Candy Man Account No. 110-1 Date Ref. Description 31 Balance Debit Credit Balance May 1,109 DR Jun V Jun Jun Account: ARC - Mercury Square Account No. 110-3 ( Date Ref. Debit Credit Balance May Jun Description 31 Balance 6 Credit sale SJ 1,140 1,965 DR 3,105 DR Jun Jun Jun V Account: ARC - Central Candy Account No. 110-6 Q-41 Date May Description 31 Balance Ref. Debit Credit Balance 0 Jun v *100 Jun bil Jun Account: APC - Spud's Confectionery Account No. 210-5 (9-410-2 Description Date May Ref. Debit Credit 31 Balance Balance 2,509 CR Jun V Jun 000 DOO (9-420-100 Type here to search O GENERAL LEDGER Account: Cash at Bank Account No. 100 Date Ref. Description 31 Balance Debit Credit May Balance 26,758 DR Jun Jun V Jun Account: ARC - Accounts Receivable Control Account No. 110 (Q 100 000 Date Description 31 Balance Ref. Debit Credit May Balance 10,105 DR Jun Jun V lol Jun V Account: Inventory Account No. 120 Date Description 31 Balance Ref. Debit Credit May Balance 72,101 DR Jun Jun 000 lll Jun v Account: APC - Accounts Payable Control Account No. 210 (-420 21 Date May Ref. Description 31 Balance Debit Credit Balance 14,041 CR Jun V Jun 000 DOO DOO Jun Account: Sales Revenue Account No. 400 (Q-420 400 Type here to search O Ei Apps Ads For Your Busine... My Drive - Google... COURSES Q Get Your Skilled Oc... (Q=420-400 Account: Sales Revenue Account No. 400 Date Ref. Debit Credit Description 31 Balance Balance May Jun III: Jun Jun (420-401 Account: Sales Returns and Allowances Account No. 401 Date Ref. Debit Credit Description 31 Balance Balance May 0 Jun V Jun Jun (0=420.402. DIE Account: Discount Received Account No. 402 Date Ref. Debit Description 31 Balance Credit Balance May Jun v Jun Jun V (Q-420-500 Account: Purchases Account No. 500 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun (Q=420-501. Purchase Account: Purchase Returns and Allowances Account No. 501 Date Ref. Description 31 Balance Debit Credit Balance May O Jun Type here to search Tour busine... My Drive - Google... COURSES Get Your Skilled Oc... Jun L Account: Discount Received Account No. 402 (Q-4 Ref. Date May Description 31 Balance Debit Credit Balance 0 Jun v Jun III v se Jun Account: Purchases Account No. 500 (Q=4 Date May Description 31 Balance Ref. Debit Credit Balance 0 Jun Jun 100 V Jun Account: Purchase Returns and Allowances Account No. 501 (0=420-501.P Date Ref. Description 31 Balance Debit Credit Balance May Jun 0 Jun Jun (Q-420-573. Digo Account: Discount Allowed Account No. 573 Ref. Date May Description 31 Balance Debit Credit Balance Jun V Jun V v Jun Manual Accounting Practice su Ragglers, Australiano (VA) 2009-2014 Pro/four through http://www.perisco.com Lamac Policy Thursday 04, 2010, 16:40 perc Type here to search