Transactions - week 2 You are now instructed to record transactions that occurred throughout the second...

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Transactions - week 2 You are now instructed to record transactions that occurred throughout the second week of June into the company's books. The week 2 transactions are listed below: Week 2 Date Transaction description 8 11 1233 Carrie O'Key paid the full amount owing on their account. Since Carrie O'Key has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment. Sold 50 The Pixie Chicks CDs to Mira Ball Records for $36 each, Invoice No. 202. Made cash sales of $11,583 during the week. Paid the full amount owing to Shack records, Check No. 906. Dan Soul returned $2,660 worth of product. Issued a Credit Memorandum for $2,660. SALES JOURNAL Date Account Jun 7 ARC Dan Soul Jun Jun Jun Jun PURCHASES JOURNAL Invoice Post Amount No. Ref. 201 110-3 5,950 (select) (select) (select) (select) Date Jun 3 APC-Pony OMC records Account Terms Post Ref. Amount net 30 210-3 320 Jun 7 APC Toadstool records 2/10, n/30 210-1 1,000 (select) Jun (select) Jun (select) Jun (select) Jun 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 above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate account credited in the Account column so that the type of transaction can be determined by the name of the account entered into this column. Debit Credit Date Account Post Ref. Cash Sales Discounts Juni 1 Bank Loan Payable: 250. 60,000 Other Sales Accounts Revenue Receivable Accounts 60,000 Jun 5 Sales Revenue X 7,247 7,247 Keelect) Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun (Q-404 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 addi 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 trar Account column so that the type of transaction can be determined by the name of the account entered into this column. Debit Credit Check Post Date Account No. Ref. Accounts Payable Purchases Other Accounts Cash Purchase Discounts Jun 1 APC Shadow records 903 210-2 3,773 3,735 38 Jun 2 APC- Black label 904 210-4 1,262 1,237 25 Jun 2 Purchases 905 X 1,400 1,400 select) Jun Jun (select) (select) Jun Jun (select) (select) Jun Jun (select) GENERAL JOURNAL Jun Jun Date Post Account and Explanation Debit Credit Ref. (select) (select) (select) (select) (select) Jun (select) SUBSIDIARY LEDGERS Account: ARC-Carrie O'Key Account No. 110-1 Date Description Ref. Debit Credit Balance 3,307 DR May 31 Balance Jun Jun Jun Account: ARC - Dan Soul Account No. 110-3 Date Description Ref. Debit Credit Balance May 31 Balance 1,505 DR Jun 7 Credit sale SJ 5,950 7,455 DR Jun Jun Jun Account: ARC Mira Ball Records Account No. 110-6 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun Account: APC - Shack records Account No. 210-5 Account No. 110-3 Date Description Ref. Debit Credit Balance May 31 Balance 1,505 DR Jun 7 Credit sale SJ 5,950 7,455 DR Jun Jun Jun Account: ARC-Mira Ball Records Account No. 110-6 Date Description Ref. Debit Credit Balance 0 May 31 Balance Jun Jun Jun Account: APC - Shack records Account No. 210-5 Date Description Ref. Debit Credit Balance May 31 Balance 1,703 CR Jun Jun Jun Transactions - week 2 You are now instructed to record transactions that occurred throughout the second week of June into the company's books. The week 2 transactions are listed below: Week 2 Date Transaction description 8 11 1233 Carrie O'Key paid the full amount owing on their account. Since Carrie O'Key has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment. Sold 50 The Pixie Chicks CDs to Mira Ball Records for $36 each, Invoice No. 202. Made cash sales of $11,583 during the week. Paid the full amount owing to Shack records, Check No. 906. Dan Soul returned $2,660 worth of product. Issued a Credit Memorandum for $2,660. SALES JOURNAL Date Account Jun 7 ARC Dan Soul Jun Jun Jun Jun PURCHASES JOURNAL Invoice Post Amount No. Ref. 201 110-3 5,950 (select) (select) (select) (select) Date Jun 3 APC-Pony OMC records Account Terms Post Ref. Amount net 30 210-3 320 Jun 7 APC Toadstool records 2/10, n/30 210-1 1,000 (select) Jun (select) Jun (select) Jun (select) Jun 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 above. Since all transactions in this journal affect the Cash account, you are asked to enter the name of the appropriate account credited in the Account column so that the type of transaction can be determined by the name of the account entered into this column. Debit Credit Date Account Post Ref. Cash Sales Discounts Juni 1 Bank Loan Payable: 250. 60,000 Other Sales Accounts Revenue Receivable Accounts 60,000 Jun 5 Sales Revenue X 7,247 7,247 Keelect) Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun (Q-404 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 addi 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 trar Account column so that the type of transaction can be determined by the name of the account entered into this column. Debit Credit Check Post Date Account No. Ref. Accounts Payable Purchases Other Accounts Cash Purchase Discounts Jun 1 APC Shadow records 903 210-2 3,773 3,735 38 Jun 2 APC- Black label 904 210-4 1,262 1,237 25 Jun 2 Purchases 905 X 1,400 1,400 select) Jun Jun (select) (select) Jun Jun (select) (select) Jun Jun (select) GENERAL JOURNAL Jun Jun Date Post Account and Explanation Debit Credit Ref. (select) (select) (select) (select) (select) Jun (select) SUBSIDIARY LEDGERS Account: ARC-Carrie O'Key Account No. 110-1 Date Description Ref. Debit Credit Balance 3,307 DR May 31 Balance Jun Jun Jun Account: ARC - Dan Soul Account No. 110-3 Date Description Ref. Debit Credit Balance May 31 Balance 1,505 DR Jun 7 Credit sale SJ 5,950 7,455 DR Jun Jun Jun Account: ARC Mira Ball Records Account No. 110-6 Date Description Ref. Debit Credit Balance May 31 Balance Jun Jun Jun Account: APC - Shack records Account No. 210-5 Account No. 110-3 Date Description Ref. Debit Credit Balance May 31 Balance 1,505 DR Jun 7 Credit sale SJ 5,950 7,455 DR Jun Jun Jun Account: ARC-Mira Ball Records Account No. 110-6 Date Description Ref. Debit Credit Balance 0 May 31 Balance Jun Jun Jun Account: APC - Shack records Account No. 210-5 Date Description Ref. Debit Credit Balance May 31 Balance 1,703 CR Jun Jun Jun