You are now asked to record transactions that occurred during the fourth week of June in...
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You are now asked to record transactions that occurred during the fourth week of June in the company's books. The week 4 transactions are listed below: Week 4 Date Transaction description 24 25 25 28 28 Made cash sales of $10,010 during the week. Paid the full amount owing to Booked Inn, Check No. 608. Ordered 45 copies of Accidental Accountant from Quickdraw Peak for $16 each. agreed terms with Quickdraw Peak are 2/10, n/30. Paid the full amount owing to Peachson, Check No. 609. Delivered 60 copies of Popular Moon Guide to the Sea of Tranquillity to Paige Turners for $41 each, Invoice No. 204, which was ordered on the 20th. Instructions for week 4 1) Record all week 4 transactions in the relevant journals. Note that special journals must be used where applicable. Any transaction that cannot be recorded in a special journal should be recorded in the general journal. 2) Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedurest. Note that the relevant totals of the special journals will be posted to the general ledger accounts at the end of the month. You will do this before you prepare the Bank Reconciliation Statement. You are now asked to record transactions that occurred during the fourth week of June in the company's books. The week 4 transactions are listed below: Week 4 Date Transaction description 24 25 25 28 28 Made cash sales of $10,010 during the week. Paid the full amount owing to Booked Inn, Check No. 608. Ordered 45 copies of Accidental Accountant from Quickdraw Peak for $16 each. agreed terms with Quickdraw Peak are 2/10, n/30. Paid the full amount owing to Peachson, Check No. 609. Delivered 60 copies of Popular Moon Guide to the Sea of Tranquillity to Paige Turners for $41 each, Invoice No. 204, which was ordered on the 20th. Instructions for week 4 1) Record all week 4 transactions in the relevant journals. Note that special journals must be used where applicable. Any transaction that cannot be recorded in a special journal should be recorded in the general journal. 2) Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedurest. Note that the relevant totals of the special journals will be posted to the general ledger accounts at the end of the month. You will do this before you prepare the Bank Reconciliation Statement.
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