Question

please write special journals: sales journal, PURCHASES JOURNAL,CASH RECEIPTS JOURNAL,CASH PAYMENTS JOURNAL Week 1
Date	Transaction description
1	Obtained a loan of $48,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2018 and the principal of the loan is to be repaid on 1 June 2021.
2	Sold 9 boxes of Sprearmint Gum to Sweet Tooth for $100 each, Invoice No. 201.
3	Purchased 17 boxes of Sprearmint Gum from Brennan Imports Group for $60 each, terms net 30.
3	Paid the full amount owing to Restlay, Cheque No. 903. Payment fell within discount period.
4	Paid the full amount owing to Gillard Wholesalers, Cheque No. 904. Payment fell within discount period.
4	Made cash sales of $5,896 during the first 4 days of the month.
4	Purchased 17 boxes of Hazelnut Toffee with cash for $50 each, Cheque No. 905.
5	Purchased 22 boxes of Party Mix from East Tangiers Cooperative for $40 each, terms 2/10, n/30.

Answer 1

Date	Transaction description	Special Journal
1	Obtained a loan of $48,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2018 and the principal of the loan is to be repaid on 1 June 2021	CASH RECEIPTS JOURNAL
2	Sold 9 boxes of Sprearmint Gum to Sweet Tooth for $100 each, Invoice No. 201.	SALES JOURNAL
3	Purchased 17 boxes of Sprearmint Gum from Brennan Imports Group for $60 each, terms net 30.	PURCHASES JOURNAL
3	Paid the full amount owing to Restlay, Cheque No. 903. Payment fell within discount period.	CASH PAYMENTS JOURNAL
4	Paid the full amount owing to Gillard Wholesalers, Cheque No. 904. Payment fell within discount period.	CASH PAYMENTS JOURNAL
4	Made cash sales of $5,896 during the first 4 days of the month	CASH RECEIPTS JOURNAL
4	Purchased 17 boxes of Hazelnut Toffee with cash for $50 each, Cheque No. 905	CASH PAYMENTS JOURNAL
5	Purchased 22 boxes of Party Mix from East Tangiers Cooperative for $40 each, terms 2/10, n/30.	PURCHASES JOURNAL