You are now instructed to record transactions that occurred throughout the second week of June into the company's books. The week 2 transactions are listed below: Week 2 Date Transaction description 10 Paid the full amount owing to Moon Megasystems, Check No. 906. 11 Sold 4 MX620 Notebook Computers to Handys Electronics for $420 each, Invoice No. 202. 11 Turbo Tech paid the full amount owing on their account. Since Turbo Tech has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment. 11 Made cash sales of $11,355 during the week. 11 Hypertronics returned $2,252 worth of product. Issued a Credit Memorandum for $2,252. 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 do this before you prepare the Bank Reconciliation Statement. 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. Remember: Each transaction recorded in a special journal must be entered in one line. In order to receive full points, you must not split up the relevant transaction into more than one line in the special journal. 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 amount, subtract the discount from the original amount. There may be entries in the general journal that require posting to both a control account and a subsidiary ledger. In these cases, after you have posted to both ledgers, you should enter the reference for both the general ledger account and the subsidiary ledger account in the Post Ref. column to indicate that you have posted to both accounts. For example, if the reference number for the control account is 110 and the reference number for the subsidiary ledger account is 110-1, you should type '110/110-1' into the Post Ref. column. You are also required to apply the journals and ledgers instructions provided in Week 1. Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed.

Show All Special Journals General Journal Subsidiary Ledgers General Ledger Information from previous pages (Q=401. salesJournalWeek2) SALES JOURNAL General instructions Policies and procedures All transactions Adjusting entries information Trial balance - May Schedules of accounts - May Bank reconciliation - May Bank statement 0 - June Journals and ledgers instructions & Date Account Invoice No. Post Ref. Amount Jun 4 ARC - Hypertronics 201 110-3 950 Jun (select) Jun (select) Jun (select) (select) Jun (Q=402.purchasesJournalWeek2) PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun 2/10, n/30 210-1 1,110 4 APC - Mega Tech 7 APC - Pear Technology Jun net 30 210-3 1,100 Jun (select) Jun (select) Jun (select) Jun (select) (Q=403.cashReceiptsJournalWeek2) 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. Debit Credit Date Account Post Ref. Cash Sales Discounts Sales Revenue Accounts Receivable Other Accounts Jun 1 Bank Loan Payable 250 43,000 43,000 Jun 4 Sales Revenue 6,820 6,820 (select) Jun Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) (Q=404.cashPaymentsJournalWeek2) CASH PAYMENTS JOURNAL (Q=404.cashPaymentsJournalWeek2) 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. Debit Credit Date Account Check No. Post Ref. Purchases Accounts Payable 3,618 Other Accounts Cash Purchase Discounts Jun 903 210-2 3,582 36 3 APC - Big Telco 3 Purchases Jun 904 1,960 1.960 Jun 5 APC - Pony 905 210-4 3,604 3,532 72 Jun (select) Jun I select Jun (select) | | . Jun (select) Jun (select) Jun (select) Show All Special Journals General Journal Subsidiary Ledgers General Ledger (Q=405.generalJournalWeek2) GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit Jun (select) (select) II Jun (select) II (select) Jun (select) (select) NILI UITJULLIVIND SUBSIDIARY LEDGERS I Account: ARC - Turbo Tech Account No. 110-1 Adjusting entries information Trial balance & - May Schedules of accounts - May Bank reconciliation - May Bank statement - June Journals and ledgers instructions 1 1 Date Description Ref. Debit Credit Balance May 31 Balance 3,608 DR Jun Jun Jun (Q=410-110-3.Accts Rec3_week2) Account: ARC - Hypertronics Account No. 110-3 Date Description Ref. Debit Credit Balance May 31 Balance 2,012 DR 2,962 DR Jun 4 Credit sale SJ 950 Jun D V Jun III Jun (Q=410-110-6.AcctsRecb_week2) Account: ARC - Handys Electronics Account No. 110-6 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun Jun Jun (Q=410-210-5.AcctsPay5_week2) Account: APC - Moon Megasystems Account No. 210-5 Date Ref. Debit Credit Balance Description 31 Balance May 3,324 CR Jun V Jun Jun V Account: Cash Account No. 100 Trial balance - May Schedules of accounts - May Bank reconciliation - May Bank statement & - June Journals and ledgers instructions Date Description Ref. Debit Credit Balance May 31 Balance 26,555 DR Jun Jun CIL Jun (Q=420-110.AcctsRecControl_week) Account: ARC - Accounts Receivable Control Account No. 110 Date Ref. Debit Credit Balance Description 31 Balance May 12,812 DR Jun Jun Jun (Q=420-120.Inventory_week2) Account: Merchandise Inventory Account No. 120 Date Ref. Debit Credit Balance Description 31 Balance May 89,316 DR Jun Jun V Jun (Q=420-210.AcctsPayControl_week2) Account: APC - Accounts Payable Control Account No. 210 Date Ref. Debit Credit Balance Description 31 Balance May 16,835 CR Jun Jun Jun SalesRevenue_week_) Account: Sales Revenue Account No. 400 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun (Q=420-401. SalesReturns_week2) Account: Sales Returns and Allowances Account No. 401 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun Jun V Jun (Q=420-402.Sales Disc_week2) Account: Sales Discounts Account No. 402 Date Ref. Debit Credit Balance Description 31 Balance May Jun L Jun Jun V (Q=420-500.Purchases_week2) Account: Purchases Account No. 500 Date Ref. Debit Credit Balance Description 31 Balance May Jun V Jun V Jun V I-A.501 al) (Q=420-501.PurchaseReturns_week2) Account: Purchase Returns and Allowances Account No. 501 Date Ref. Debit Credit Balance Description 31 Balance May Jun Jun Jun (Q=420-502.PurchaseDisc_week2) Account: Purchase Discounts Account No. 502 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun V Jun Show All Special Journals General Journal Subsidiary Ledgers General Ledger Information from previous pages (Q=401. salesJournalWeek2) SALES JOURNAL General instructions Policies and procedures All transactions Adjusting entries information Trial balance - May Schedules of accounts - May Bank reconciliation - May Bank statement 0 - June Journals and ledgers instructions & Date Account Invoice No. Post Ref. Amount Jun 4 ARC - Hypertronics 201 110-3 950 Jun (select) Jun (select) Jun (select) (select) Jun (Q=402.purchasesJournalWeek2) PURCHASES JOURNAL Date Account Terms Post Ref. Amount Jun 2/10, n/30 210-1 1,110 4 APC - Mega Tech 7 APC - Pear Technology Jun net 30 210-3 1,100 Jun (select) Jun (select) Jun (select) Jun (select) (Q=403.cashReceiptsJournalWeek2) 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. Debit Credit Date Account Post Ref. Cash Sales Discounts Sales Revenue Accounts Receivable Other Accounts Jun 1 Bank Loan Payable 250 43,000 43,000 Jun 4 Sales Revenue 6,820 6,820 (select) Jun Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) (Q=404.cashPaymentsJournalWeek2) CASH PAYMENTS JOURNAL (Q=404.cashPaymentsJournalWeek2) 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. Debit Credit Date Account Check No. Post Ref. Purchases Accounts Payable 3,618 Other Accounts Cash Purchase Discounts Jun 903 210-2 3,582 36 3 APC - Big Telco 3 Purchases Jun 904 1,960 1.960 Jun 5 APC - Pony 905 210-4 3,604 3,532 72 Jun (select) Jun I select Jun (select) | | . Jun (select) Jun (select) Jun (select) Show All Special Journals General Journal Subsidiary Ledgers General Ledger (Q=405.generalJournalWeek2) GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit Jun (select) (select) II Jun (select) II (select) Jun (select) (select) NILI UITJULLIVIND SUBSIDIARY LEDGERS I Account: ARC - Turbo Tech Account No. 110-1 Adjusting entries information Trial balance & - May Schedules of accounts - May Bank reconciliation - May Bank statement - June Journals and ledgers instructions 1 1 Date Description Ref. Debit Credit Balance May 31 Balance 3,608 DR Jun Jun Jun (Q=410-110-3.Accts Rec3_week2) Account: ARC - Hypertronics Account No. 110-3 Date Description Ref. Debit Credit Balance May 31 Balance 2,012 DR 2,962 DR Jun 4 Credit sale SJ 950 Jun D V Jun III Jun (Q=410-110-6.AcctsRecb_week2) Account: ARC - Handys Electronics Account No. 110-6 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun Jun Jun (Q=410-210-5.AcctsPay5_week2) Account: APC - Moon Megasystems Account No. 210-5 Date Ref. Debit Credit Balance Description 31 Balance May 3,324 CR Jun V Jun Jun V Account: Cash Account No. 100 Trial balance - May Schedules of accounts - May Bank reconciliation - May Bank statement & - June Journals and ledgers instructions Date Description Ref. Debit Credit Balance May 31 Balance 26,555 DR Jun Jun CIL Jun (Q=420-110.AcctsRecControl_week) Account: ARC - Accounts Receivable Control Account No. 110 Date Ref. Debit Credit Balance Description 31 Balance May 12,812 DR Jun Jun Jun (Q=420-120.Inventory_week2) Account: Merchandise Inventory Account No. 120 Date Ref. Debit Credit Balance Description 31 Balance May 89,316 DR Jun Jun V Jun (Q=420-210.AcctsPayControl_week2) Account: APC - Accounts Payable Control Account No. 210 Date Ref. Debit Credit Balance Description 31 Balance May 16,835 CR Jun Jun Jun SalesRevenue_week_) Account: Sales Revenue Account No. 400 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun (Q=420-401. SalesReturns_week2) Account: Sales Returns and Allowances Account No. 401 Date Ref. Debit Credit Balance Description 31 Balance May 0 Jun Jun V Jun (Q=420-402.Sales Disc_week2) Account: Sales Discounts Account No. 402 Date Ref. Debit Credit Balance Description 31 Balance May Jun L Jun Jun V (Q=420-500.Purchases_week2) Account: Purchases Account No. 500 Date Ref. Debit Credit Balance Description 31 Balance May Jun V Jun V Jun V I-A.501 al) (Q=420-501.PurchaseReturns_week2) Account: Purchase Returns and Allowances Account No. 501 Date Ref. Debit Credit Balance Description 31 Balance May Jun Jun Jun (Q=420-502.PurchaseDisc_week2) Account: Purchase Discounts Account No. 502 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun V Jun