Week 3
15	Purchased 13 sets of Sting Ray Golf Clubs from Sport Borders for $376 each, terms net 30.
17	Purchased 11 Specialist Tennis Raquets from Hike for $280 each, terms 2/10, n/30.
17	Sold 3 Quidditch Snitches to Jump Around for $752 each, Invoice No. 384.
18	Paid sales staff wages of $1,530 for the week up to and including yesterday, Check No. 877.
19	Received a purchase order from Balls 'n All. Created a corresponding sales order to deliver 40 Quidditch Snitches to this customer for $752 each, Invoice No. 386.
20	Balls 'n All paid $3,700 in partial payment of their account.
20	Made cash sale of 24 MJO Basketball Sets for a list price of $576 each. A trade discount of 25% applies.
20	The Locker Room returned 8 pairs of Football Boots that were originally sold for $336 each on 11 June. These items cost $192 each and were not faulty or damaged. Issued a Credit Memorandum for $2,688.

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.

Date		Account	Post Ref.	Debit		Credit			Cost of Goods Sold
				Cash	Sales Discounts	Sales Revenue	Accounts Receivable	Other Accounts
Jun	1	Bank Loan Payable	250	48,000				48,000
Jun	5	ARC - Jump Around	110-5	4,308			4,308
Jun	10	ARC - Mick's Sporting Goods	110-1	3,222	358		3,580
Jun	13	Sales Revenue	X	16,200		16,200			7,200
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(Q=504.cashPaymentsJournalWeek3)

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 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.

Date		Account	Check No.	Post Ref.	Debit				Credit
					Accounts Payable	Merchandise Inventory	Wages Expense	Other Accounts	Cash
Jun	1	Prepaid Rent	868	140				8,200	8,200
Jun	2	APC - Addax Sports	869	210-6	3,395				3,395
Jun	2	Office Supplies	870	130				580	580
Jun	4	Electricity Payable	871	221				840	840
Jun	4	Wages Payable	872	220			744	1,135	1,879
Jun	11	APC - Sports 'R Us	873	210-2	3,820				3,820
Jun	11	APC - Hike	874	210-1	2,227				2,227
Jun	11	Wages Expense	875	X			2,388		2,388
Jun	13	APC - Sport Borders	876	210-5	3,636				3,636
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