You are required to analyze these transactions ( say which account to debit and which account to credit with a suitable narration for each transaction)

Funds Received Form #FR-11-10 Dated January 27/xx

Record $161,000 in pledged from sponsor forms submitted by participants to sponsor the participants.

Cash Purchase Invoice #DP-39168 Dated January 27/xx

From Domino Pizza, $723.20 for pizza and soft drinks for volunteers. Invoice paid from Cash on Hand.

Cheque Copy #171 Dated January 27/xx

To Leanna Alexander, $2,000 for winning a contest. Create a new Group account 5430 Tournament Prizes.

Memo #3 Dated January 27/xx

Adjustments to inventory required for sale events:

Cost of T-shirts sold $3,500

Cost of food items sold 8,460

Cost of surprise bag items sold 1,000

Donated items are not included in these costs.

Cheque Copy #172 Dated January 28/xx

To Althea Brooks, manager, $4,000 for wages for month.

Session Date Jan 31, 20xx

Cheque Copy #173 Dated January 29/xx

To Design n Wear, $2,468 in payment of account. Reference invoice #DW-9493.

Cheque Copy #174 Dated January 31/xx

To Kopy Center, $1,882 in full payment of account. Reference invoices #KC-5306, #KC-2252 and previous balance owing.

Memo #4 Dated January 31/xx

From Manager: Correction of error. Reference # LI-10116 and cheque #167, deposit paid to LIME was $200 not $300.

Cheque Copy #175 Dated January 31/xx

To LIME, $478 in full payment of account. Reference # LI-10116 and cheque #167.

Cheque Copy #176 Dated January 31/xx

To Snack City, $1,800 in full payment of account. Reference invoice #SC-1005.

Memo #5 Dated January 31/xx

From Manager: Issued cheque #177 for $1,000 to transfer funds to Cash on Hand to purchase postage for mailing charitable donation receipts.

Bank Debit Memo #BOSL-3881 Dated January 31/xx

From Bank of St Lucia, $43 in bank charges for cheques and statement preparation. Create a new Group account 5010 Bank Charges.

Funds Received Form #FR-11-11 Dated January 31/xx

Received $184,600 from sponsors for pledges previously recorded. Amount deposited in bank account.

Session Date Feb 28, 20xx

Funds Received Form #FR-11-12 Dated February 22/xx

Received $36,800 from sponsors for pledges previously recorded. Amount deposited in bank account.

Cash Purchase Invoice #GPO-2 Dated February 22/xx

From General Post Office, $1,050 for postage to mail receipts.

Memo #6 Dated February 25/xx

From Events Manager: Deposit $655.80, balance of Cash on Hand to bank.

Bank Debit Memo #BOSL-5218 Dated February 28/xx

From Bank of St Lucia, withdraws $30,800 from checking account to repay loan for $30,000 plus $800 interest. Create a new Group account 5100 Interest Expense.

Session Date Mar 31, 20xx

Memo #7 Dated March 30/xx

From Manager: Final account adjustments required to clear inventory of supplies (donated).

Cost of all T-shirts donated to Boys Training Center $ 328

Cost of all remaining food items donated to Ciceron Childrens Home 720

Cost of craft and office supplies not needed and donated to

Head Start Day Care Center 1,726

Cash Purchase Invoice #LI-32423 Dated March 30/xx

From LIME, $271.20 for telephone service for two months paid in full by cheque #178.

Memo #8 Dated March 30/xx

All accounts for the events are settled so the books can be closed. (Hint: no JE required)