How do i record these transactions in these journals Date Transaction description 1 Obtained a loan of $51,000 from MRMC Bank at a simple interest rate of 6 per year The first interest payment is due at the end of August 2017 and the principal of the loan is to be repaid on June 1, 2020 2 Purchased 4 boxes of Plastic Plates from Abejundio Coffee for $119 each, terms net 30 3 Purchased 4 bags of Chocolate Coated Coffee Beans from Dominga Wholesalers for $630 each, terms 2 10, n 30 4 Paid the full amount owing to Klam Wholesalers, Check No 903 Payment fell within discount period 4 Sold 5 bags of Light Roast Arabica Coffee Beans to Jandesh's Hot Spot for $360 each, Invoice No 501 4 Made cash sales of $6,590 during the first 4 days of the month 5 Paid the full amount owing to Buena Vista Coffee, Check No 904 Payment fell within discount period 5 Purchased 5 boxes of Disposable Napkins with cash for $205 each, Check No 905 SALES JOURNAL Date Account Invoice No Post Ref Amount Jun (select) Jun (select) Jun (select) Jun (select) PURCHASES JOURNAL Date Account Terms Post Ref Amount Jun (select) terms net 30net 72 10 n 30 Jun (select) terms net 30net 72 10 n 30 Jun (select) terms net 30net 72 10 n 30 Jun (select) terms net 30net 72 10 n 30 CASH RECEIPTS JOURNAL Date Account Post Ref Debit Credit Cash Sales Discounts Sales Revenue Accounts Receivable Other Accounts Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) CASH PAYMENTS JOURNAL Date Account Check No Post Ref Debit Credit Accounts Payable Purchases Other Accounts Cash Purchase Discounts Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) (Q 305 generalJournalWeek1) GENERAL JOURNAL Date Account and Explanation Post Ref Debit Credit Jun (select) (select) Jun (select) (select) Jun (select) (select) (Q 310 110 3 AcctsRec3 week1) SUBSIDIARY LEDGERS Account ARC Jandesh's Hot Spot Account No 110 3 Date Description Ref Debit Credit Balance May 31 Balance 3,142 DR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 310 210 1 AcctsPay1 week1) Account APC Dominga Wholesalers Account No 210 1 Date Description Ref Debit Credit Balance May 31 Balance 2,007 CR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 310 210 2 AcctsPay2 week1) Account APC Buena Vista Coffee Account No 210 2 Date Description Ref Debit Credit Balance May 31 Balance 3,652 CR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 310 210 3 AcctsPay3 week1) Account APC Abejundio Coffee Account No 210 3 Date Description Ref Debit Credit Balance May 31 Balance 4,450 CR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 310 210 4 AcctsPay4 week1) Account APC Klam Wholesalers Account No 210 4 Date Description Ref Debit Credit Balance May 31 Balance 2,454 CR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 100 Cash week1) GENERAL LEDGER Account Cash Account No 100 Date Description Ref Debit Credit Balance May 31 Balance 17,732 DR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 110 AcctsRecControl week1) Account ARC Accounts Receivable Control Account No 110 Date Description Ref Debit Credit Balance May 31 Balance 12,823 DR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 120 Inventory week1) Account Merchandise Inventory Account No 120 Date Description Ref Debit Credit Balance May 31 Balance 84,626 DR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 210 AcctsPayControl week1) Account APC Accounts Payable Control Account No 210 Date Description Ref Debit Credit Balance May 31 Balance 14,498 CR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 250 LoanPayable week1) Account Bank Loan Payable Account No 250 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 400 SalesRevenue week1) Account Sales Revenue Account No 400 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 402 SalesDisc week1) Account Sales Discounts Account No 402 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 500 Purchases week1) Account Purchases Account No 500 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR (Q 320 502 PurchaseDisc week1) Account Purchase Discounts Account No 502 Date Description Ref Debit Credit Balance May 31 Balance 0 Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR Jun GJPJSJCRJCPJ DRCR

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Question: How do i record these transactions in these journals? Date Transaction description 1 Obtained a loan of $51,000 from MRMC Bank at a simple interest

How do i record these transactions in these journals?

Date	Transaction description
1	Obtained a loan of $51,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2017 and the principal of the loan is to be repaid on June 1, 2020.
2	Purchased 4 boxes of Plastic Plates from Abejundio Coffee for $119 each, terms net 30.
3	Purchased 4 bags of Chocolate Coated Coffee Beans from Dominga Wholesalers for $630 each, terms 2/10, n/30.
4	Paid the full amount owing to Klam Wholesalers, Check No. 903. Payment fell within discount period.
4	Sold 5 bags of Light Roast Arabica Coffee Beans to Jandesh's Hot Spot for $360 each, Invoice No. 501.
4	Made cash sales of $6,590 during the first 4 days of the month.
5	Paid the full amount owing to Buena Vista Coffee, Check No. 904. Payment fell within discount period.
5	Purchased 5 boxes of Disposable Napkins with cash for $205 each, Check No. 905.

SALES JOURNAL

*Date*	*Account*	*Invoice* *No.*	*Post* *Ref.*	*Amount*
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)

PURCHASES JOURNAL

*Date*	*Account*	*Terms*	*Post* *Ref.*	*Amount*
Jun	(select)	terms...net 30net 72/10 n/30
Jun	(select)	terms...net 30net 72/10 n/30
Jun	(select)	terms...net 30net 72/10 n/30
Jun	(select)	terms...net 30net 72/10 n/30

CASH RECEIPTS JOURNAL

*Date*	*Account*	*Post Ref.*	*Debit*		*Credit*
*Date*	*Account*	*Post Ref.*	*Cash*	*Sales Discounts*	*Sales Revenue*	*Accounts Receivable*	*Other Accounts*
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)

CASH PAYMENTS JOURNAL

*Date*	*Account*	*Check* *No.*	*Post* *Ref.*	*Debit*			*Credit*
*Date*	*Account*	*Check* *No.*	*Post* *Ref.*	*Accounts Payable*	*Purchases*	*Other Accounts*	*Cash*	*Purchase Discounts*
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)
Jun	(select)

(Q=305.generalJournalWeek1)

GENERAL JOURNAL

*Date*	*Account and Explanation*	*Post* *Ref.*	*Debit*	*Credit*
Jun	(select)
	(select)

Jun	(select)
	(select)

Jun	(select)
	(select)

(Q=310-110-3.AcctsRec3_week1)

SUBSIDIARY LEDGERS

Account: ARC - Jandesh's Hot Spot Account No. 110-3

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				3,142 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=310-210-1.AcctsPay1_week1)

Account: APC - Dominga Wholesalers Account No. 210-1

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				2,007 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=310-210-2.AcctsPay2_week1)

Account: APC - Buena Vista Coffee Account No. 210-2

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				3,652 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=310-210-3.AcctsPay3_week1)

Account: APC - Abejundio Coffee Account No. 210-3

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				4,450 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=310-210-4.AcctsPay4_week1)

Account: APC - Klam Wholesalers Account No. 210-4

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				2,454 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-100.Cash_week1)

GENERAL LEDGER

Account: Cash Account No. 100

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				17,732 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-110.AcctsRecControl_week1)

Account: ARC - Accounts Receivable Control Account No. 110

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				12,823 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-120.Inventory_week1)

Account: Merchandise Inventory Account No. 120

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				84,626 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-210.AcctsPayControl_week1)

Account: APC - Accounts Payable Control Account No. 210

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				14,498 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-250.LoanPayable_week1)

Account: Bank Loan Payable Account No. 250

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-400.SalesRevenue_week1)

Account: Sales Revenue Account No. 400

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-402.SalesDisc_week1)

Account: Sales Discounts Account No. 402

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-500.Purchases_week1)

Account: Purchases Account No. 500

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=320-502.PurchaseDisc_week1)

Account: Purchase Discounts Account No. 502

*Date*		*Description*	*Ref.*	*Debit*	*Credit*	*Balance*
May	31	Balance				0
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

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