Question

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.

SUBSIDIARY LEDGERS

Account: ARC - Turbo Tech No. 110-1

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				3,608 DR
Jun
Jun
Jun

Account: ARC – Hypertronics No. 110-3

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				2,012 DR
Jun	4	Credit sale	SJ	950		2,962 DR
Jun
Jun
Jun

Account: ARC - Handys Electronics No. 110-6

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				0
Jun
Jun
Jun

Account: APC - Moon Megasystems No. 210-5

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				3,324 CR
Jun
Jun
Jun

GENERAL LEDGER

Account: Cash No. 100

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				26,555 DR
Jun
Jun
Jun

Account: ARC - Accounts Receivable Control No. 110

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				12,812 DR
Jun
Jun
Jun

Account: Merchandise Inventory No. 120

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				89,316 DR
Jun
Jun
Jun

Account: APC - Accounts Payable Control No. 210

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				16,835 CR
Jun
Jun
Jun

Answer 1

The first column contains numbers like - 1, 2, 3 etc.
Here, the respective number, represent the various legs of the same transaction.
For eg, All (1) are the same transaction.
All (2) are the same transaction etc etc.

Subsidiary Ledgers

	APC - Moon Mega Systems
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance				3324	Cr.
1	10-Jun	Cash	906	3324		0

	ARC - Handys Electronics
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance				0
2	11-Jun	ARC - Account Receivables Control	202	1680		1680	Dr.

	ARC - Turbo Tech
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance		0		3608	Dr.
3	11-Jun	Cash			3247	360.8	Dr.
3	11-Jun	Discount			361	0	Dr.

	ARC - Hypertonics
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance				2012	Dr.
5	04-Jun	Credit Sales		950		2962	Dr.
5	11-Jun	Issue of Credit Memoranda (Returns)			2252	710	Dr.

General Ledger

	Cash Account
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance				26555	Dr.
1	10-Jun	Accounts Payable - Moon Mega Systems	906		3324	23231	Dr.
3	11-Jun	ARC - Turbo Tech		3247		26478	Dr.
4	11-Jun	Revenue		11355		37833	Dr.

	ARC Accounts Receivables Account
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance				12812	Dr.
2	11-Jun	ARC - Handys Electronics	202	1680		14492	Dr.
5	04-Jun	ARC - Hypertonics		950		15442	Dr.
5	11-Jun	ARC - Hypertonics - Issue of Credit Memoranda (Returns)			2252	13190	Dr.

	Account: Merchandise Inventory
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance				89316	Dr.
2	11-Jun	ARC - Handys Electronics	202		1680	87636	Dr.
5	11-Jun	ARC - Hypertonics		2252		89888	Dr.

	Accounts Payable
	Date	Description	Reference	Dr.	Cr.	Balance
	31-May	Balance				16835	Cr.
1	10-Jun	APC - Moon Mega Systems	906	3324		13511	Cr.