week 3 Using the company's records that are provided below, you are now required to record transactions that occurred throughout the third week of June. The week 3 transactions are listed below: Week 3 Date Transaction description 15 Central Candy paid $500 in partial payment of their account 15 Paid sales staff wages of $5,901 for the two weeks up to and including yesterday, Cheque No. 607 17 Sold 11 boxes of Raspberry Delights to Sweet Tooth for $90 each, Invoice No. 203. 17 Made cash sales of $10,627 during the week. 20 Mercury Square paid the full amount owing on their account 20 Returned $1,924 worth of faulty product to East Tangiers Cooperative. Received a Credit Note for $1,924 Received a purchase order from Central Candy. Created a corresponding sales order to deliver 9 boxes of Jelly Beans to this customer for $99 each, Invoice No. 204. 20 ictions for week 3 Drafts 11) 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. 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. The time take you 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. Your g Your Remember: . You are required to 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 at bank amount. subtract the discount from the originaliamua Type here to search Ri Points o Sesoto, we ecommend that you CICR the Show All and check mat relevant accounting records have been completed. Show All Special Journals General Journal Subsidiary Ledgers General Ledger (0-501 sales lournalWeek 3) Information from previou General instructions Policies and procedures . All transactions Adjusting entries information . Tral balance - May Schedules of accounts - May - Bank reconciliation - May Bank statement - June Journals and ledgers instruction SALES JOURNAL Date Account Invoice No. Post Ref. Amount 201 Jun Jun 6 ARG - Mercury Square 13 ARC Central Candy 110-3 110-6 1,140 1,600 202 Jun Jun select DIDO Jun Jun select (9-502. purchaseslo PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun Jun 1,000 3 APC - Gilard Wholesalers 7 APC - East Tangiers Cooperative select 2/10, 1/30 net 30 210-1 210-3 720 Jun Jun Select V DIID Jun Sered V Jun (0-50..cashReceptor 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 under the additional instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to enter the name of the appropriate account credited 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 Rer. Debit Casat Discount Ban Allowed 55,000 Sales Revenge Credit Accounts Other Receivable Accounts 55,000 Jun 250 Jun 1 Bank Loan Payable 3 Sales Revenue 10 Sales Revenue 12 ARC - Candy Man 4,524 Jun Jun X 110.1 4,524 11,288 11.288 998 111 1,109 Jun Tselect Jun Jun Jun Jun sic Jun teles Type here to search 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 instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to enter the name of the appro transactions into the Account column so that the type of transaction can be determined by the name of the account entered into this Debit Date Account Cheque No. Post Ref. Other Accounts Purchases Accounts Payable 1,335 Credit Cash at Discount Bank Received 603 Jun Jun 1.322 13 604 800 3 APC - Brennan Imports Group 3 Purchases 6 APC - Hershel's 9 APC - Spud's Confectionery select) 210-2 210-4 210-5 Jun 605 606 800 3,586 73 Jun 3,659 2,509 2,509 Jun Jun select Jun select) Jun select Jun select) 110 Jun select) GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit Jun Jun 9 Sales Returns and Allowances 9 ARC - Mercury Square (sales return) 2,103 401 110/110-3 2.103 Jun selech sec) il Jun select) Jun SUBSIDIARY LEDGERS Account: ARC - Mercury Square Account No. 110-3 (Q-510-1 Date Description Type here to search Ref. Debit Credit Balance SUBSIDIARY LEDGERS Account: ARC - Mercury Square Account No. 110-3 Date Ref. Debit Credit Balance May Description 31 Balance 6 Credit sale 9 Sales return Jun SJ 1.140 1,965 DR 3,105 DR 1,002 DR Jun GJ 2,103 Jun Jun Jun Account: ARC - Sweet Tooth Account No. 110-5 Date Description 31 Balance Ref. Debit May Credit Balance Jun 0 Jun Jun Account: ARC - Central Candy Account No. 110-6 Date Ref. Description 31 Balance 13 Credit sale May Jun Debit Credit Balance Jun SJ 1.600 0 1.600 DR Jun 100 Account: APC - East Tangiers Cooperative Account No. 210-3 Date May (Q=51 Description 31 Balance 7 Credit purchase Ref. Debit Credit Jun PJ Balance 3,249 CR 3,969 CR 720 GENERAL LEDGER Account: Cash at Bank Account No. 100 Date Ref. Debit Balance Credit Description 31 Balance May 26,758 DR Jun Jun v V Jun (Q-520-110 Accse Account: ARC - Accounts Receivable Control Account No. 110 000 000 Date Ref. Debit Credit Balance May Jun Description 31 Balance 9 Sales return from Mercury Square 10,105 DR 8,002 DR GJ 2,103 Jun V Jun V 000 Jun V (Q-520-120. Inven Account: Inventory Account No. 120 Date Ref. Description 31 Balance Debit Credit May Balance 72, 101 DR Jun Jun V Jun Account: APC Accounts Payable Control Account No. 210 (0-520-210.Acets Pay Contro Date Ref. Description 31 Balance Debit Credit Balance May 14,041 CR Jun . Jun 000 55 Jun Account: Sales Revenue Account No. 400 (Q520-400, SalesRevenue Date May Description 31 Balance Ref. Debit Credit Balance Jun Jun Jun Type here to search O i Jun Jun IOD Account Sales Revenue Ref. Debit Credit Balance Description 31 Balance Juni Jun Jun Account chases Ret Debit Description May 31 Balance Jun UL Jun Date Ret. Debi Credit Ref Debit Credi Balance perd Type here to search O