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

(Q=603.cashReceiptsJournalWeek4)

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.

Date		Account	Post Ref.	Debit		Credit			Cost of Goods Sold
				Cash	Sales Discounts	Sales Revenue	Accounts Receivable	Other Accounts
Jun	1	Bank Loan Payable	250	48,000				48,000
Jun	5	ARC - Jump Around	110-5	4,308			4,308
Jun	10	ARC - Mick's Sporting Goods	110-1	3,222	358		3,580
Jun	13	Sales Revenue	X	16,200		16,200			7,200
Jun	20	ARC - Balls 'n All	110-6	3,700			3,700
Jun	20	Sales Revenue	X	10,368		10,368			6,168
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)

(Q=604.cashPaymentsJournalWeek4)

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.

Date		Account	Check No.	Post Ref.	Debit				Credit
					Accounts Payable	Merchandise Inventory	Wages Expense	Other Accounts	Cash
Jun	1	Prepaid Rent	868	140				8,200	8,200
Jun	2	APC - Addax Sports	869	210-6	3,395				3,395
Jun	2	Office Supplies	870	130				580	580
Jun	4	Electricity Payable	871	221				840	840
Jun	4	Wages Payable	872	220			744	1,135	1,879
Jun	11	APC - Sports 'R Us	873	210-2	3,820				3,820
Jun	11	APC - Hike	874	210-1	2,227				2,227
Jun	11	Wages Expense	875	X			2,388		2,388
Jun	13	APC - Sport Borders	876	210-5	3,636				3,636
Jun	18	Wages Expense	877	X			1,530		1,530
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)

Answer 1

CASH RECEIPTS JOURNAL
Date		Account	Post Ref.	Debit		Credit			Cost of Goods Sold
				Cash	Sales Discounts	Sales Revenue	Accounts Receivable	Other Accounts		Working
Jun	1	Bank Loan Payable	250	48,000				48,000
Jun	5	ARC - Jump Around	110-5	4,308			4,308
Jun	10	ARC - Mick's Sporting Goods	110-1	3,222	358		3,580
Jun	13	Sales Revenue	X	16,200		16,200			7,200
Jun	20	ARC - Balls 'n All	110-6	3,700			3,700
Jun	20	Sales Revenue	X	10,368		10,368			6,168
											Jun	22	Jumb Around	385	36720			36720
Jun	27	Balls 'n All	386	30080			30080			752*40
Jun	27	Sales Revenue	X	20160		20160				60*336
											Jun	28	APC - Sport Borders	210-5					3005		8*376
3005

CASH PAYMENTS JOURNAL
Date		Account	Check	Post	Debit				Credit
			No.	Ref.	Accounts Payable	Merchandise Inventory	Wages	Other Accounts	Cash	Working
							Expense
Jun	1	Prepaid Rent	868	140				8,200	8,200
Jun	2	APC - Addax Sports	869	210-6	3,395				3,395
Jun	2	Office Supplies	870	130				580	580
Jun	4	Electricity Payable	871	221				840	840
Jun	4	Wages Payable	872	220			744	1,135	1,879
Jun	11	APC - Sports 'R Us	873	210-2	3,820				3,820
Jun	11	APC - Hike	874	210-1	2,227				2,227
Jun	11	Wages Expense	875	X			2,388		2,388
Jun	13	APC - Sport Borders	876	210-5	3,636				3,636
Jun	18	Wages Expense	877	X			1,530		1,530
											Jun	25	Wages Expense	878	X			2037		2037
Jun	25	Extreme Sports Inc		210-30	4480				4480	16*280
											Jun	28	APC - Hike	879	210-1	556.75				556.8