B G H 1 TASK 2 Part ii) WEEK 2 2 Record the following transactions in the appropriate journals. Remember: Bright Spot CREDIT SALE TERMS are 2/10,n/30. 3 DAILY TRANSACTIONS IN DATE ORDER 4 Aug. 6 Rec'd cheque from customer P Hogan. Invoice issued on July 29 for $2,500 5 Aug. 7 Paid Sales Salaries $1,800 and Office Salaries $700 with Chq#457 6 Aug. 8 Proprietor withdrew $600 cash for personal use. Chq#458 7 Paid supplier Lights Galore (terms 2/12, n30) with Chq#459. July 28 invoice $8,000 8 Aug. 9 Rec'd supplier invoice from Phullops Lamps for $4,500 (terms 2/1, n30) 9 Sales for the day were: 10 Cash Sales $3,200 11 B Yang $4,000 12 Paid supplier. Lamphouse (terms 2/10,n30) with Chq#460. July 30 invoice, $8,150 13 Rec'd cheque from customer P Tsu. Invoice issued on July 31 for $220 14 Aug. 11 Sales for the day were: 15 Cash Sales $5,500 16 W Harrigan $3,200 incl. $35 delivery charge 17 Light Fantasy $5,000 18 Rec'd customer payments for Inv's.dated Aug 1 19 Light Fantasy $3,500 20 P Hogan $650 21 Aug. 12 Rec'd and paid Electricity Account $525 with Chq#461 Dat 22 Aug. 13 Issued Chq#462 paying Easy Print (terms n30) for July printing account $650 23 Rec'd customer payments for Inv's. dated Aug 4 & 5 respectively, 24 J Roberts $700 25 N Smith $4,500 1 26 CASH RECEIPTS JOURNAL DEBITS Bank Disc. Allow CREDITS Sales A/Rec's Date Account Progress totals CASH PAYMENTS JOURNAL DEBITS Cheque # Other Ace's A/Payable CREDITS Bank Date Account Disc. Rec'd Progress totals PURCHASE JOURNAL Account name Terms Purchases Inv Date A Payable Progress totals SALES JOURNAL Sales Deliv. Exp Inv Date Account name AV Receivable Progress totals