PLEASE NOTE THAT THERE IS ALSO A GENERAL LEDGER SECTION THAT WOULD NOT FIT

Week 1
Date	Transaction description
1	Issued Check No. 655 for $8,000 to pay ZNG Property Group for two month's worth of rent in advance.
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 2020 and the principal of the loan is to be repaid on June 1, 2024.
2	Issued Check No. 656 to Office Supplies Warehouse for the purchase of $401 worth of office supplies.
3	Made payment of $861 to Integer Energy for 3 months of electricity up to and including May 31, Check No. 657.
4	Paid sales staff wages of $2,216 for the week up to and including yesterday, Check No. 658. Note that $1,149 of this payment relates to the wages expense incurred during the last week of May.
5	Paid the full amount owing to Spud's Confectionery, Check No. 659.
5	Sugar-hi paid the full amount owing on their account.

SALES JOURNAL

Date		Account	Invoice No.	Post Ref.	Accounts Receivable	Cost of Goods Sold
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)

(Q=302.purchasesJournalWeek1)

PURCHASES JOURNAL

Date		Account	Terms	Post Ref.	Accounts Payable
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

(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.

Date		Account	Post Ref.	Debit		Credit			Cost of Goods Sold
				Cash	Sales Discounts	Sales Revenue	Accounts Receivable	Other Accounts
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)
Jun		(select)

(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.

Date		Account	Check No.	Post Ref.	Debit				Credit
					Accounts Payable	Merchandise Inventory	Wages Expense	Other Accounts	Cash
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)

SUBSIDIARY LEDGERS

Account: ARC - Sugar-hi Account No. 110-5

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				3,800 DR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=310-210-1.AcctsPay1_week1)

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

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				4,717 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR

(Q=310-210-6.AcctsPay6_week1)

Account: APC - Spud's Confectionery Account No. 210-6

Date		Description	Ref.	Debit	Credit	Balance
May	31	Balance				4,802 CR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR
Jun			GJPJSJCRJCPJ			DRCR