Week 2 Date Transaction description 9 Paid the full amount owing to Hershel's, Check No. 606. 11 Sold 8 Candy Making Kits to Sweet Tooth for $170 each, Invoice No. 502. 11 Made cash sales of $10,954 during the week. Sugar-hi returned $939 worth of product. Issued a Credit Memorandum for $939. Central Candy paid the full amount owing on their account. Since Central Candy has been a loyal customer from the day the business commenced, a 5% discount was given for this early repayment. 13 14 SALES JOURNAL Date Account Invoice No. Post Ref. Amount Jun 7 ARC - Sugar-hi 501 110-3 770 Jun (select) Jun (select) Jun (select) Jun (select) PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun net 30 210-3 920 Jun 2 APC - East Tangiers Cooperative 2 APC - Restlay (select) 2/10, n/30 210-1 1,020 Jun Jun (select) Jun (select) Jun (select) CASH RECEIPTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labeled 'Account' above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate Account column so that the type of transaction can be determined by the name of the account entered into this column. Date Account Post Ref. Debit Cash Sales Discounts 51,000 6,646 Credit Sales Accounts Other Revenue Receivable Accounts 51,000 6,646 Jun 250 1 Bank Loan Payable 4 Sales Revenue Jun X Jun select) Jun (select) Jun (select) Jun select) Jun (select) Jun (select) CASH PAYMENTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labeled 'Account', as in above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate accou Account column so that the type of transaction can be determined by the name of the account entered into this column. Debit Credit Date Account Check No. Post Ref. Purchases Other Accounts Cash Purchase Discounts Jun 603 36 Accounts Payable 3,618 3,335 2 APC - Spud's Confectionery 2 APC - Brennan Imports Group 5 Purchases 210-2 210-4 Jun 3,582 3,268 800 604 605 67 Jun X 800 Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun select) GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit Jun (select) (select) Jun (select) (select) Jun (select) (select) SUBSIDIARY LEDGERS Account: ARC - Central Candy Account No. 110-1 Ref. Debit Credit Balance Date May Jun Description 31 Balance 2,870 DR Jun Jun Account: ARC - Sugar-hi Account No. 110-3 Ref. Debit Credit Balance Date May Jun Description 31 Balance 7 Credit sale 1,900 DR 2,670 DR SJ 770 Jun Jun Jun Jun Account: APC - Hershel's Account No. 210-5 Date Ref. Debit Credit Balance Description 31 Balance May 1,843 CR Jun Jun Jun GENERAL LEDGER Account: Cash Account No. 100 Date Description Ref. Debit Credit Balance May 31 Balance 26,979 DR Jun Jun Account: ARC - Accounts Receivable Control Account No. 110 Ref. Debit Credit Balance Date May Description 31 Balance 10,938 DR Jun Jun Jun Account: Merchandise Inventory Account No. 120 Date Description Ref. Debit Credit Balance May 31 Balance 86,439 DR Jun