Question: Kindly solve the perdisco transaction and write it in a format so that it will be easier to understand. You will use the following five
Kindly solve the perdisco transaction and write it in a format so that it will be easier to understand.
You will use the following five weeks of transactions as you complete the books for June. Note that the transactions are divided into five separate weeks. This is because you will not enter this whole list of transactions in any one page. You will be given five separate pages in which to enter the transactions for that week for each of the five weeks.
Date description
week 1 Transaction
June 1 Issued Cheque No. 608 for $9,900 to pay Realty Bites for two month's worth of rent in advance.
June 4 Paid sales staff wages of $1,619 for the week up to and including yesterday, Cheque No. 609. Note that $1,143 of this payment relates to the wages expense incurred during the last week of May
June 4 Issued Cheque No. 610 to Office Supplies Warehouse for the purchase of $398 worth of office supplies.
June 5 Paid the full amount owing to Dominga Wholesalers, Cheque No. 611
June 5 Made payment of $741 to State Power for 3 months of electricity up to and including 31 May, Cheque No. 612.6Con's Coffee paid the full amount owing on their account.
Week 2 Transaction
June 8 Paid the full amount owing to Brazil Imports Group, Cheque No. 613. Payment fell within discount period.
June 9 Purchased 19 boxes of Chocolate Sprinkles from Dominga Wholesalers for $320 each, terms net 30.10Sold 13 bags of Medium Roast Arabica Coffee Beans to Quick Bolt Coffee for $550 each, Invoice No. 324.
June 11 Paid sales staff wages of $2,433 for the week up to and including yesterday, Cheque No. 614
June 12 Paid the full amount owing to Croup Coffee, Cheque No. 615
June 12 Paid the full amount owing to Buena Vista Coffee, Cheque No. 616
June 12 Central Coffee paid the full amount owing on their account. Since Central Coffee has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment
June 14 Made cash sale of 12 boxes of insulated Coffee Cup Lids for $390 each.
Week 3 Transactions
June 15 Sold 6 bags of Light Roast Colombian Coffee Beans to Con's Coffee for $630 each, Invoice No. 325.
June 15 KavaJava paid $1,600 in partial payment of their account
June 16 Purchased 10 boxes of Chocolate Sprinkles from Buena Vista Coffee for $370 each, terms 2/10, n/30
June 17 Purchased 16 boxes of insulated Coffee Cup Lids from Croup Coffee for $230 each, terms net 30.
June 18 Paid sales staff wages of $1,589 for the week up to and including yesterday, Cheque No. 617.
June 19 Quick Bolt Coffee returned 5 bags of Medium Roast Arabica Coffee Beans that were originally sold for $550 each on 10 June. These items cost $330 each and were not faulty or damaged. Issued a Credit Note for $2,750.
June 19 Received a purchase order from KavaJava. Created a corresponding sales order to deliver 20 bags of Light Roast Colombian Coffee Beans to this customer for $630 each, Invoice No. 327
June 21 Made cash sale of 50 packages of Thermal Coffee Mugs for a list price of $800 each. A trade discount of 25% applies.
Week 4 Transactions
June 22 Sold 79 boxes of Chocolate Sprinkles to Con's Coffee for $540 each, Invoice No. 326.
June 23 Paid the full amount owing to Buena Vista Coffee, Cheque No. 618. This payment relates to the credit purchase that was made in the previous week
June 24Ordered 15 boxes of Chocolate Sprinkles from Jordo Gourmet Coffee for $370 each. Agreed terms with Jordo Gourmet Coffee are 2/10, n/30.
June 25 Paid sales staff wages of $2,368 for the week up to and including yesterday, Cheque No. 619.
June 27 Delivered 20 bags of Light Roast Colombian Coffee Beans to KavaJava for $630 each, Invoice No. 327. These items were ordered on the 19th
June 27 Quick Bolt Coffee paid the full amount owing on their account.
June 28 Made cash sale of 50 bags of Medium Roast Arabica Coffee Beans for $550 each.
June 28 Returned 9 faulty boxes of insulated Coffee Cup Lids, originally purchased for $230 each, to Croup Coffee. Received a Credit Note for $2,070.
week 5 Transactions
June 29 Received 15 boxes of Chocolate Sprinkles for $370 each, which were ordered on the 24th. Agreed terms with Jordo Gourmet Coffee are 2/10, n/30.
June 29 Jandesh's Hot Spot paid the full amount owing on their account.
June 29 Made cash sale of 24 boxes of insulated Coffee Cup Lids for $390 each
June 30 Purchased 14 packages of Thermal Coffee Mugs with cash for a list price of $480 each. A trade discount of 25% applies, Cheque No. 620
June 30 Paid monthly salary of $5,400 to OliviaBrockhouse, Cheque No. 621.
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