Question

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 19th.
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

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

Answer 1