Week 4 Date Transaction description 22 Sold 90 Specialist Tennis Raquets to Jump Around for $408 each, Invoice No 385 25 The Locker Room paid the full amount owing on their account 25 Paid sales staff wages of $2,037 for the week up to and including yesterday, Check No 878 25 Ordered 16 Specialist Tennis Raquets from Extreme Sports Inc for $280 each Agreed terms with Extreme Sports Inc are 2 10, n 30 27 Delivered 40 Quidditch Snitches to Balls 'n All for $752 each, Invoice No 386 These items were ordered on the 19 th 27 Made cash sale of 60 pairs of Football Boots for $336 each 28 Paid the full amount owing to Hike, Check No 879 Payment fell outside discount period 28 Returned 8 faulty sets of Sting Ray Golf Clubs, originally purchased for $376 each, to Sport Borders Received a Credit Note for $3,008 Week 5 29 Received 16 Specialist Tennis Raquets for $280 each, which were ordered on the 25 th Agreed terms with Extreme Sports Inc are 2 10, n 30 29 Made cash sale of 31 sets of Sting Ray Golf Clubs for $648 each 30 Croquet and Cricket paid the full amount owing on their account 30 Purchased 18 MJO Basketball Sets with cash for a list price of $320 each A trade discount of 25 applies, Check No 880 30 Paid monthly salary of $4,600 to Sebastian Curie, Check No 881 (Q 610 110 3 AcctsRec3 week4) GENERAL LEDGER Account Cash Account No 100 Date Description Ref Debit Credit Balance May 31 Balance 74,032 DR Jun Jun Jun (Q 620 110 AcctsRecControl week4) Account ARC Accounts Receivable Control Account No 110 Date Description Ref Debit Credit Balance May 31 Balance 33,880 DR Jun 20 Sales return from The Locker Room GJ 2,688 31,192 DR Jun Jun Jun (Q 620 120 Inventory week4) Account Merchandise Inventory Account No 120 Date Description Ref Debit Credit Balance May 31 Balance 93,336 DR Jun 20 Sales return from The Locker Room GJ 1,536 94,872 DR Jun Jun Jun (Q 620 210 AcctsPayControl week4) Account APC Accounts Payable Control Account No 210 Date Description Ref Debit Credit Balance May 31 Balance 44,436 CR Jun Jun Jun (Q 620 400 SalesRevenue week4) Account Sales Revenue Account No 400 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun Jun Jun (Q 620 402 SalesDisc week4) Account Sales Discounts Account No 402 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun Jun Jun (Q 620 500 CostOfSales week4) Account Cost of Goods Sold Account No 500 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun 20 Sales return from The Locker Room GJ 1,536 1,536 CR Jun Jun Jun (Q 620 516 WagesExpense week4) Account Wages Expense Account No 516 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun Jun Jun

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Posted on Sep 28, 2024

Week 4

Date

Transaction description

Sold 90 Specialist Tennis Raquets to Jump Around for $408 each, Invoice No. 385.

The Locker Room paid the full amount owing on their account.

Paid sales staff wages of $2,037 for the week up to and including yesterday, Check No. 878.

Ordered 16 Specialist Tennis Raquets from Extreme Sports Inc for $280 each. Agreed terms with Extreme Sports Inc are 2/10, n/30.

Delivered 40 Quidditch Snitches to Balls 'n All for $752 each, Invoice No. 386. These items were ordered on the 19^th.

Made cash sale of 60 pairs of Football Boots for $336 each.

Paid the full amount owing to Hike, Check No. 879. Payment fell outside discount period.

Returned 8 faulty sets of Sting Ray Golf Clubs, originally purchased for $376 each, to Sport Borders. Received a Credit Note for $3,008.

*Week 5*
29	Received 16 Specialist Tennis Raquets for $280 each, which were ordered on the 25^th. Agreed terms with Extreme Sports Inc are 2/10, n/30.
29	Made cash sale of 31 sets of Sting Ray Golf Clubs for $648 each.
30	Croquet and Cricket paid the full amount owing on their account.
30	Purchased 18 MJO Basketball Sets with cash for a list price of $320 each. A trade discount of 25% applies, Check No. 880.
30	Paid monthly salary of $4,600 to Sebastian Curie, Check No. 881

(Q=610-110-3.AcctsRec3_week4)

GENERAL LEDGER

Account: Cash Account No. 100

(Q=620-110.AcctsRecControl_week4)

Account: ARC - Accounts Receivable Control Account No. 110

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				33,880 DR
Jun	20	Sales return from The Locker Room	GJ		2,688	31,192 DR
Jun
Jun
Jun

(Q=620-120.Inventory_week4)

Account: Merchandise Inventory Account No. 120

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				93,336 DR
Jun	20	Sales return from The Locker Room	GJ	1,536		94,872 DR
Jun
Jun
Jun