Need help on several work sheets all due tonight. The first work sheet is attached. You can click on the drop downs for the accounts, etc.

Transactions - week 1 67467793339906 106 asumner20 30:06:2015:12:17 ACCT 3303, NSU 10925368682641 qsc 44022204043030 Date Description Week 1 1 Issued Check No. 867 for $8,300 to pay Realty Bites for two month's worth of rent in advance. 1 Issued Check No. 868 to Office Supplies Warehouse for the purchase of $334 worth of office supplies. 1 Obtained a loan of $44,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2015 and the principal of the loan is to be repaid on June 1, 2020. 2 Paid the full amount owing to Sport Borders, Check No. 869. 3 Made payment of $743 to Enroff for 3 months of electricity up to and including May 31, Check No. 870. 4 Paid sales staff wages of $1,941 for the week up to and including yesterday, Check No. 871. Note that $1,110 of this payment relates to the wages expense incurred during the last week of May. 6 Jump Around paid the full amount owing on their account. Your progress Completed: 1% (approximately) This page will take: up to 1.5 hours Remaining pages will take: up to 17.25 hours The time frames we provide are a guide only. It may take you more or less time to complete each page. Completed: Remaining pages will take: 9% (approximately) up to 17.25 hours Your grading Your grading outcome (still in progress) Awarded Total Points (prior to this page) 0 0 Points (on this page) 156 Points (after this page) 933 Total 0 1,089 Your grading outcome (still in progress) Awarded Total Points (prior to this page) 0 0 Points (on this page) 0 156 Points (after this page) 933 Total 0 1,089 Information from previous pages General instructions Policies and procedures All transactions Adjusting entries information Trial balance - May Schedules of accounts - May Inventory cards - May Bank reconciliation - May Bank statement - June Now that you have reviewed information about The Adrenaline Hut, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1 Date Transaction description 1 Issued Check No. 867 for $8,300 to pay Realty Bites for two month's worth of rent in advance. 1 Issued Check No. 868 to Office Supplies Warehouse for the purchase of $334 worth of office supplies. 1 Obtained a loan of $44,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2015 and the principal of the loan is to be repaid on June 1, 2020. 2 Paid the full amount owing to Sport Borders, Check No. 869. 3 Made payment of $743 to Enroff for 3 months of electricity up to and including May 31, Check No. 870. 4 Paid sales staff wages of $1,941 for the week up to and including yesterday, Check No. 871. Note that $1,110 of this payment relates to the wages expense incurred during the last week of May. 6 Jump Around paid the full amount owing on their account. After completing this practice set page, you should know how to record basic transactions in the journals provided below and understand the posting process in the manual accounting system. Note that you will record the remaining June transactions in the following sections of this practice set. Remember, one purpose of using special journals is to make the posting process more efficient by posting the total of most columns in the special journals after all of the transactions for the period have been recorded. However, some parts of a journal entry are still required to be posted on a daily basis. View the company's accounting policies and procedures for details of what is to be posted daily or monthly. Instructions for week 1 1)Record all week 1 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 procedures. 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 enter this before you prepare the Bank Reconciliation Statement. Remember to enter all answers to the nearest whole dollar. When calculating a discount, if a discount is not a whole number, round the discount to the nearest whole dollar. Then, to calculate the cash amount, subtract the discount from the original amount. Additional instructions Displaying selected accounting records: To save space, not all accounting records (e.g. journals and ledgers) will be displayed on every page. However, on each page you can access all accounting records necessary to answer the questions on that page. There are several tabs representing different views of the accounting records. The active tab by default is Show All, but you may also select to view just one particular accounting record by selecting the appropriate tab. If you fill in any accounting records and change the view on the page by selecting a different tab, the information that you have entered will remain in that accounting record and be displayed whenever you can see that accounting record. Before submitting your answers, we recommend that you click the Show All tab and check that all relevant accounting records have been completed. You are required to complete all relevant accounting records before pressing the Submit answers button. Once submitted, you will not be able to return to the page to re-enter or alter your answers. Journals: Each transaction recorded in a special journal must be entered in one line. In order to receive full points, you must not split up the relevant transaction into more than one line in the special journal. For certain transactions in special journals, some accounting textbooks do not always require an account to be chosen under the column labeled Account. In this practice set you are required to select an account for each transaction in the special journals. Specifically, in all special journals, under the column labeled Account, you must select the correct account name for each transaction in order to receive full points. Note that for some transactions, this will mean that the account name selected will correspond to the heading of one of the columns in that special journal. For each journal, in the Post Ref. column you will need to correctly type the account number of the account you are posting to. In particular, in special journals, some accounting textbooks do not always require a reference to be recorded in the Post Ref. column. In this practice set, in order to receive full points, every transaction entered in a special journal requires an entry in the Post Ref. column. Note that in the special journals, if the account name selected for a transaction corresponds to the heading of one of the columns in that special journal, the post ref is to be recorded as an X. This is because these transactions are not posted on a daily basis. In order to receive full points, you must record only the letter X in the Post Ref. column for these transactions. Note that in special journals, the Other Accounts column should not be used to record movements of inventory. There may be entries in the general journal that require posting to both a control account and a subsidiary ledger. In these cases, after you have posted to both ledgers, you should enter the reference for both the general ledger account and the subsidiary ledger account in the Post Ref. column to indicate that you have posted to both accounts. For example, if the reference number for the control account is 110 and the reference number for the subsidiary ledger account is 110-1, you should type '110/110-1' into the Post Ref. column. General journal entries do NOT require a description of the journal entries. Ledgers: When posting a transaction to a ledger account, under the Description column, please type the description of the transaction directly into the field. The exact wording does not matter for grading purposes. For example, it does not matter in an electricity transaction if you type 'Paid for electricity' or 'Paid electricity bill'. For each ledger, under the Ref. column, you need to select the correct journal from a list in the dropdown box provided in order to receive full points. If the balance of a ledger account is zero you do not need to select a debit or credit from the dropdown box. Each transaction posted to the subsidiary ledgers must be entered in one line. In order to receive full points, you must not split up the relevant transaction into more than one line in the subsidiary ledger. Both journals and ledgers: Most journals and ledgers will have blank rows left at the end of the page. Some journals and ledgers may not require any entries. When purchases and sales are recorded in special journals, changes in inventory must not be posted to the Merchandise Inventory account in the general ledger on a daily basis. Show All Special JournalsGeneral JournalSubsidiary LedgersGeneral Ledger 85612368911608 ANSWERED '100','Cash','110', '110-1','ARC - Gre (Q=301.salesJournalWeek1) SALES JOURNAL Date Invoice No. Account Post Ref. Accounts Receivable Cost of Goods Sold 99885372227118 1|140||0|0|[$excl$] Jun Pr 12874037883001 140 epaid Rent (select) NOANSWER NOANSWER (sel 90244801977892 Jun NOANSWER ect) (sel 62465004724784 Jun NOANSWER ect) (sel Jun ect) 17069251020684 NOANSWER (Q=302.purchasesJournalWeek1) PURCHASES JOURNAL Date Accoun t Terms Post Ref. Accounts Payable 49537179815323 NOANSWER 77124573257727 Jun (select) NOANSWER 40299062765982 Jun (select) NOANSWER 47776558454910 Jun (select) NOANSWER Jun (select) 56235731077082 NOANSWER (Q=303.cashReceiptsJournalWeek1) CASH RECEIPTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labeled 'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate account credited in these transactions into the Account column so that the type of transaction can be determined by the name of the account entered into this column. Debit Date Acco unt Post Ref. Cash Ju n Cost of Goods Sold Credit Sales Sales Discount Revenue s Account s Receiva ble Other Account s 25413427409072 NOANSWER 10047792456706 NOANSWER (select) Ju n 30021829660931 NOANSWER (select) Ju n 86783379081147 NOANSWER (select) Ju n 66333490837282 NOANSWER (select) Ju n 72579442715453 NOANSWER (select) Ju n (select) 84022215560112 NOANSWER (Q=304.cashPaymentsJournalWeek1) CASH PAYMENTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labeled 'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate account debited in these transactions into the Account column so that the type of transaction can be determined by the name of the account entered into this column. Debit Date Acco unt Check No. Post Ref. Account s Payable Merchan dise Inventor y Wages Expense Credit Other Account s Cash 48884165656057 NOANSWER Ju n 25491204928300 NOANSWER (select) Ju n 95781744923269 NOANSWER (select) Ju n 65499473626909 NOANSWER (select) Ju n 71100942838731 NOANSWER (select) Ju n 90016786998403 NOANSWER (select) Ju n (select) 21685211152630 NOANSWER (Q=305.generalJournalWeek1) GENERAL JOURNAL Date Account and Explanation Post Ref. Debit Credit 81546395710851 NOANSWER Ju n (select) 61975287201563 NOANSWER (select) 41535935952210 NOANSWER Ju n (select) 27038746347799 NOANSWER NOANSWER (select) 23655564088761 NOANSWER (select) Ju n 28613008689078 NOANSWER (select) 54463498541459 NOANSWER (Q=310-110-5.AcctsRec5_week1) SUBSIDIARY LEDGERS Account: ARC - Jump Around Account No. 110-5 Date Ma y Description Ref. Debit Credit 31 Balance Balance 4,915 DR 84687954573591 NOANSWER 82400908671564 Jun NOANSWER 20092314323439 Jun NOANSWER Jun 53042294847161 NOANSWER (Q=310-210-1.AcctsPay1_week1) Account: APC - Hike Account No. 210-1 Date Ma Description 31 Balance Ref. Debit Credit Balance 4,168 CR 14614578340965 y NOANSWER 27565559463061 Jun NOANSWER 67871269640375 Jun NOANSWER Jun 64386937121313 NOANSWER (Q=310-210-6.AcctsPay6_week1) Account: APC - Sport Borders Account No. 210-6 Date Ma y Description Ref. Debit Credit 31 Balance Balance 2,813 CR 71992949824440 NOANSWER 84269468129670 Jun NOANSWER 53895602932575 Jun NOANSWER Jun 19657075152470 NOANSWER (Q=320-100.Cash_week1) GENERAL LEDGER Account: Cash Account No. 100 Date Description Ref. Debit Credit Balance Ma y 31 Balance 71,346 DR 97903564523773 NOANSWER 88274145310116 Jun NOANSWER 46466152070945 Jun NOANSWER Jun 88908331909700 NOANSWER (Q=320-110.AcctsRecControl_week1) Account: ARC - Accounts Receivable Control Account No. 110 Date Ma y Description Ref. Debit Credit 31 Balance Balance 32,321 DR 73661041369964 NOANSWER 89397900557899 Jun NOANSWER 86368423274678 Jun NOANSWER Jun 44139654530935 NOANSWER (Q=320-130.StoreSupplies_week1) Account: Office Supplies Account No. 130 Date Ma y Description 31 Balance Ref. Debit Credit Balance 2,515 DR 07434170285855 NOANSWER 11636061264666 Jun NOANSWER 42826829356318 Jun NOANSWER Jun 92188020098481 NOANSWER (Q=320-140.PrepaidRent_week1) Account: Prepaid Rent Account No. 140 Date Ma y Description Ref. Debit Credit Balance 31 Balance 0 09447361252725 NOANSWER 13776659583155 Jun NOANSWER 55364912593285 Jun NOANSWER Jun 17597227826163 NOANSWER (Q=320-210.AcctsPayControl_week1) Account: APC - Accounts Payable Control Account No. 210 Date Ma y Description 31 Balance Ref. Debit Credit Balance 47,634 CR 25466510763893 NOANSWER NOANSWER 46673736627820 Jun NOANSWER 70682449138216 Jun NOANSWER Jun 97326335225522 NOANSWER (Q=320-220.WagesPayable_week1) Account: Wages Payable Account No. 220 Date Ma y Description Ref. Debit Credit 31 Balance Balance 1,110 CR 22884786456055 NOANSWER 07965434956895 Jun NOANSWER 85630802330036 Jun NOANSWER Jun 10317708185564 NOANSWER (Q=320-221.ElectricityPayable_week1) Account: Electricity Payable Account No. 221 Date Ma y Description 31 Balance Ref. Debit Credit Balance 805 CR 70051473460862 NOANSWER 74957311832783 Jun NOANSWER 14003001157877 Jun NOANSWER Jun 12275603235330 NOANSWER (Q=320-250.LoanPayable_week1) Account: Bank Loan Payable Account No. 250 Date Ma y Description Ref. Debit Credit Balance 31 Balance 0 49560548747710 NOANSWER 06228495767195 Jun NOANSWER 45923888772429 Jun NOANSWER Jun 59524856557262 NOANSWER (Q=320-400.SalesRevenue_week1) Account: Sales Revenue Account No. 400 Date Ma y Description 31 Balance Ref. Debit Credit Balance 0 31814090433969 NOANSWER Jun 64969328484720 NOANSWER NOANSWER 73889252051231 Jun NOANSWER Jun 01563325875147 NOANSWER (Q=320-402.SalesDisc_week1) Account: Sales Discounts Account No. 402 Date Ma y Description Ref. Debit Credit Balance 31 Balance 0 67039882696355 NOANSWER 40447986121635 Jun NOANSWER 22853444027632 Jun NOANSWER Jun 22132087069605 NOANSWER (Q=320-500.CostOfSales_week1) Account: Cost of Goods Sold Account No. 500 Date Ma y Description 31 Balance Ref. Debit Credit Balance 0 16070801547795 NOANSWER Jun 96842436576863 NOANSWER 46795783595567 Jun NOANSWER Jun 87668461419363 NOANSWER (Q=320-516.WagesExpense_week1) Account: Wages Expense Account No. 516 Date Ma y Description Ref. Debit Credit Balance 31 Balance 0 80977352954340 NOANSWER 49876960404090 Jun NOANSWER 11241554360786 Jun NOANSWER Jun 08205373893191 NOANSWER (Q=320-541.ElectricityExpense_week1) Account: Electricity Expense Account No. 541 Date Ma y Description 31 Balance Ref. Debit Credit Balance 0 25174033291427 NOANSWER Jun 82897731200452 NOANSWER Jun 26968703098530 NOANSWER NOANSWER Jun 50526324015164 NOANSWER (Q=320-544.SuppliesExpense_week1) Account: Office Supplies Expense Account No. 544 Date Ma y Description 31 Balance Ref. Debit Credit Balance 0 04139678384827 NOANSWER Jun 91765977507255 NOANSWER Jun 70048682521508 NOANSWER Jun