Jack Uzi, wholesale toys online, operates out of his office in his parents’ apartment, with 0 inventory. Every toy he sells is first purchased then re-sold, but only after the order comes through. You need to help him out with his bookkeeping. 

The following transactions occurred in October:

a. Paid £500 for the lease of computer equipment in advance for November 

b. Cash Sales of £4,847. (for stuffed animal) 

c. Cash sales of £4,486 (for Educational Toys) 

d. Cash sales of £4,702 (for Video Games) 

e. Cash Sales of £1,827 (for Pretend-play toys) 

f. Purchase of office supplies on account from Bing's Office Supply, £416. 

g. Withdrawal by owner (Jack Uzi) of £1,600. 

h. Payment on account (Bing's), £390. 

i. Payment of wages with cash, £2,500. 

j. Payment for cleaning services with cash, £74 

k. Payment to purchase stuffed animal, £4,044 

l. Payment to purchase Educational Toys, £3,547 

m. Payment to purchase Video Games, £4,169 

n. Payment to purchase Pretend-play toys, £1,382 

Further, he has account balances for the beginning of October as follows: 

Cash £ 2,000 Accounts Payable, Bing's Office Supply Hut £ 75 Office Supplies £ 75 Jack Uzi, Capital £ 2000 

Prepare books of original entries (Sales journal, purchase journal, cash journal)

Answer rating: 100% (QA)

a Sales Journal Serial No Account Debited Items Amount 1 Cash Stuffed Animal 4847 2 Cash Ed... View the full answer