Transactions - Week 1 | Manual Accounting Practice Set | Ball-Mart
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This page is the feedback page for Transactions - Week 1 of the Manual Accounting Practice Set for Ball-Mart. It provides instructions on how 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 page also includes information on the company's accounting policies and procedures.
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6/7/2018 Transactions - week 1
https://www.perdisco.com/elms/qsam/html/qsam.aspx 1/10
Your progress
Completed: 15% (approximately)
Remaining pages will take: up to 14.5 hours
The time frames we provide are a guide only. It may
take you more or less time to complete each step.
Your grading
Your grading outcome (still in progress)
Awarded Total
Points (prior to this page) 0 0
Points (on this page) 64 184
Points (after this page) − 852
Total 64 1,036
Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3
Feedback: Transactions - week 1
This is a feedback page. Please review this page carefully because later pages in this practice set build on the feedback
provided here. After you have reviewed your feedback page, click Continue at the bottom of this page to move on to
the next page of your practice set.
Now that you have reviewed information about Ball-Mart, 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 Purchased 19 Football Jerseys with cash for $27 each, Cheque No. 603.
1 Obtained a loan of $50,000 from EastPac Bank at a simple interest rate of 6% per year. The first interest
payment is due at the end of August 2018 and the principal of the loan is to be repaid on 1 June 2021.
3 Purchased 17 Slam Dunk Basket Balls from Hike for $60 each, terms 2/10, n/30.
4 Paid the full amount owing to Extreme Sports Supplies, Cheque No. 604. Payment fell within discount period.
5 Paid the full amount owing to Good Sports, Cheque No. 605. Payment fell within discount period.
5 Made cash sales of $6,752 during the first 5 days of the month.
6 Purchased 19 Rugby Balls from J. J. Spud for $30 each, terms net 30.
6 Sold 18 Bowling Balls to Mick's Sporting Goods for $40 each, Invoice No. 501.
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.
https://www.perdisco.com/elms/qsam/html/qsam.aspx 1/10
Your progress
Completed: 15% (approximately)
Remaining pages will take: up to 14.5 hours
The time frames we provide are a guide only. It may
take you more or less time to complete each step.
Your grading
Your grading outcome (still in progress)
Awarded Total
Points (prior to this page) 0 0
Points (on this page) 64 184
Points (after this page) − 852
Total 64 1,036
Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3
Feedback: Transactions - week 1
This is a feedback page. Please review this page carefully because later pages in this practice set build on the feedback
provided here. After you have reviewed your feedback page, click Continue at the bottom of this page to move on to
the next page of your practice set.
Now that you have reviewed information about Ball-Mart, 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 Purchased 19 Football Jerseys with cash for $27 each, Cheque No. 603.
1 Obtained a loan of $50,000 from EastPac Bank at a simple interest rate of 6% per year. The first interest
payment is due at the end of August 2018 and the principal of the loan is to be repaid on 1 June 2021.
3 Purchased 17 Slam Dunk Basket Balls from Hike for $60 each, terms 2/10, n/30.
4 Paid the full amount owing to Extreme Sports Supplies, Cheque No. 604. Payment fell within discount period.
5 Paid the full amount owing to Good Sports, Cheque No. 605. Payment fell within discount period.
5 Made cash sales of $6,752 during the first 5 days of the month.
6 Purchased 19 Rugby Balls from J. J. Spud for $30 each, terms net 30.
6 Sold 18 Bowling Balls to Mick's Sporting Goods for $40 each, Invoice No. 501.
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.
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6/7/2018 Transactions - week 1
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Instructions for week 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.
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 after 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 at bank 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.
If a cheque number is not required, you need to fill the appropriate input box with an X.
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 drop-down 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 drop-down 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.
1)
2)
https://www.perdisco.com/elms/qsam/html/qsam.aspx 2/10
Instructions for week 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.
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 after 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 at bank 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.
If a cheque number is not required, you need to fill the appropriate input box with an X.
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 drop-down 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 drop-down 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.
1)
2)
6/7/2018 Transactions - week 1
https://www.perdisco.com/elms/qsam/html/qsam.aspx 3/10
ARC - Mick's Sporting Goods
APC - Hike
APC - Good Sports
Special Journals General Journal Subsidiary Ledgers General Ledger
(Q=301.salesJournalWeek1)
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
Jun 6 501 110-3 720
Jun
Jun
Jun
Feedback
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
Jun 6 ARC - Mick's Sporting Goods 501 110-3 720
(Q=302.purchasesJournalWeek1)
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 2/10 n/30 210-1 1020
Jun 6 net 30 210-2 570
Jun
Jun
Feedback
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 APC - Hike 2/10, n/30 210-1 1,020
Jun 6 APC - J. J. Spud net 30 210-3 570
(Q=303.cashReceiptsJournalWeek1)
CASH RECEIPTS JOURNAL
Show All
https://www.perdisco.com/elms/qsam/html/qsam.aspx 3/10
ARC - Mick's Sporting Goods
APC - Hike
APC - Good Sports
Special Journals General Journal Subsidiary Ledgers General Ledger
(Q=301.salesJournalWeek1)
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
Jun 6 501 110-3 720
Jun
Jun
Jun
Feedback
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
Jun 6 ARC - Mick's Sporting Goods 501 110-3 720
(Q=302.purchasesJournalWeek1)
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 2/10 n/30 210-1 1020
Jun 6 net 30 210-2 570
Jun
Jun
Feedback
PURCHASES JOURNAL
Date Account Terms Post
Ref. Amount
Jun 3 APC - Hike 2/10, n/30 210-1 1,020
Jun 6 APC - J. J. Spud net 30 210-3 570
(Q=303.cashReceiptsJournalWeek1)
CASH RECEIPTS JOURNAL
Show All
6/7/2018 Transactions - week 1
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Bank Loan Payable
Sales Revenue
APC - Extreme Sports S
APC - Good Sports
Note: In order to receive full points, for each transaction you must select an account under the column labelled
'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash at
Bank 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
Cash at
Bank
Discount
Allowed
Sales
Revenue
Accounts
Receivable
Other
Accounts
Jun 1 250 50000 0 50000 0 0
Jun 1 X 6752 0 0 0 6752
Jun
Jun
Jun
Jun
Feedback
CASH RECEIPTS JOURNAL
Date Account Post
Ref.
Debit Credit
Cash at
Bank
Discount
Allowed
Sales
Revenue
Accounts
Receivable
Other
Accounts
Jun 1 Bank Loan Payable 250 50,000 50,000
Jun 5 Sales Revenue X 6,752 6,752
(Q=304.cashPaymentsJournalWeek1)
CASH PAYMENTS JOURNAL
Note: In order to receive full points, for each transaction you must select an account under the column labelled
'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash at
Bank 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 Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable Purchases Other
Accounts
Cash at
Bank
Discount
Received
Jun 1 604 210-4 1686 0 0 1652 34
Jun 5 605 210-2 1171 0 0 1147 24
Jun
Jun
Jun
Jun
Feedback
https://www.perdisco.com/elms/qsam/html/qsam.aspx 4/10
Bank Loan Payable
Sales Revenue
APC - Extreme Sports S
APC - Good Sports
Note: In order to receive full points, for each transaction you must select an account under the column labelled
'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash at
Bank 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
Cash at
Bank
Discount
Allowed
Sales
Revenue
Accounts
Receivable
Other
Accounts
Jun 1 250 50000 0 50000 0 0
Jun 1 X 6752 0 0 0 6752
Jun
Jun
Jun
Jun
Feedback
CASH RECEIPTS JOURNAL
Date Account Post
Ref.
Debit Credit
Cash at
Bank
Discount
Allowed
Sales
Revenue
Accounts
Receivable
Other
Accounts
Jun 1 Bank Loan Payable 250 50,000 50,000
Jun 5 Sales Revenue X 6,752 6,752
(Q=304.cashPaymentsJournalWeek1)
CASH PAYMENTS JOURNAL
Note: In order to receive full points, for each transaction you must select an account under the column labelled
'Account', as indicated under the additional instructions above. Since all transactions in this journal affect the Cash at
Bank 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 Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable Purchases Other
Accounts
Cash at
Bank
Discount
Received
Jun 1 604 210-4 1686 0 0 1652 34
Jun 5 605 210-2 1171 0 0 1147 24
Jun
Jun
Jun
Jun
Feedback
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CASH PAYMENTS JOURNAL
Date Account Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable Purchases Other
Accounts
Cash at
Bank
Discount
Received
Jun 1 Purchases 603 X 513 513
Jun 4 APC - Extreme Sports Supplies 604 210-4 1,686 1,652 34
Jun 5 APC - Good Sports 605 210-2 1,171 1,159 12
(Q=305.generalJournalWeek1)
GENERAL JOURNAL
Date Account and Explanation Post
Ref. Debit Credit
Jun
Jun
Jun
Feedback
There are no relevant entries in the general journal for this week.
(Q=310-110-3.AcctsRec3_week1)
SUBSIDIARY LEDGERS
Account: ARC - Mick's Sporting Goods
Account No. 110-3
Date Description Ref. Debit Credit Balance
May 31 Balance 3,530 DR
Jun
Jun
Jun
Feedback
Account: ARC - Mick's Sporting Goods
Account No. 110-3
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CASH PAYMENTS JOURNAL
Date Account Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable Purchases Other
Accounts
Cash at
Bank
Discount
Received
Jun 1 Purchases 603 X 513 513
Jun 4 APC - Extreme Sports Supplies 604 210-4 1,686 1,652 34
Jun 5 APC - Good Sports 605 210-2 1,171 1,159 12
(Q=305.generalJournalWeek1)
GENERAL JOURNAL
Date Account and Explanation Post
Ref. Debit Credit
Jun
Jun
Jun
Feedback
There are no relevant entries in the general journal for this week.
(Q=310-110-3.AcctsRec3_week1)
SUBSIDIARY LEDGERS
Account: ARC - Mick's Sporting Goods
Account No. 110-3
Date Description Ref. Debit Credit Balance
May 31 Balance 3,530 DR
Jun
Jun
Jun
Feedback
Account: ARC - Mick's Sporting Goods
Account No. 110-3
6/7/2018 Transactions - week 1
https://www.perdisco.com/elms/qsam/html/qsam.aspx 6/10
Date Description Ref. Debit Credit Balance
May 31 Balance 3,530 DR
Jun 6 Credit sale SJ 720 4,250 DR
(Q=310-210-1.AcctsPay1_week1)
Account: APC - Hike
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 1,858 CR
Jun 3 cr. purchase PJ 0 1020 2878 CR
Jun
Jun
Feedback
Account: APC - Hike
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 1,858 CR
Jun 3 Credit purchase PJ 1,020 2,878 CR
(Q=310-210-2.AcctsPay2_week1)
Account: APC - Good Sports
Account No. 210-2
Date Description Ref. Debit Credit Balance
May 31 Balance 1,171 CR
Jun 5 repaid CPJ 1171 0 0
Jun
Jun
Feedback
Account: APC - Good Sports
Account No. 210-2
Date Description Ref. Debit Credit Balance
May 31 Balance 1,171 CR
Jun 5 Repayment CPJ 1,171 0
(Q=310-210-3.AcctsPay3_week1)
Account: APC - J. J. Spud
Account No. 210-3
Date Description Ref. Debit Credit Balance
https://www.perdisco.com/elms/qsam/html/qsam.aspx 6/10
Date Description Ref. Debit Credit Balance
May 31 Balance 3,530 DR
Jun 6 Credit sale SJ 720 4,250 DR
(Q=310-210-1.AcctsPay1_week1)
Account: APC - Hike
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 1,858 CR
Jun 3 cr. purchase PJ 0 1020 2878 CR
Jun
Jun
Feedback
Account: APC - Hike
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 1,858 CR
Jun 3 Credit purchase PJ 1,020 2,878 CR
(Q=310-210-2.AcctsPay2_week1)
Account: APC - Good Sports
Account No. 210-2
Date Description Ref. Debit Credit Balance
May 31 Balance 1,171 CR
Jun 5 repaid CPJ 1171 0 0
Jun
Jun
Feedback
Account: APC - Good Sports
Account No. 210-2
Date Description Ref. Debit Credit Balance
May 31 Balance 1,171 CR
Jun 5 Repayment CPJ 1,171 0
(Q=310-210-3.AcctsPay3_week1)
Account: APC - J. J. Spud
Account No. 210-3
Date Description Ref. Debit Credit Balance
6/7/2018 Transactions - week 1
https://www.perdisco.com/elms/qsam/html/qsam.aspx 7/10
May 31 Balance 4,992 CR
Jun 6 cr.purchase PJ 0 570 5562 CR
Jun
Jun
Feedback
Account: APC - J. J. Spud
Account No. 210-3
Date Description Ref. Debit Credit Balance
May 31 Balance 4,992 CR
Jun 6 Credit purchase PJ 570 5,562 CR
(Q=310-210-4.AcctsPay4_week1)
Account: APC - Extreme Sports Supplies
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 1,686 CR
Jun 4 repaid CPJ 1686 0 0
Jun
Jun
Feedback
Account: APC - Extreme Sports Supplies
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 1,686 CR
Jun 4 Repayment CPJ 1,686 0
(Q=320-100.CashAtBank_week1)
GENERAL LEDGER
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 29,693 DR
Jun
Jun
Jun
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May 31 Balance 4,992 CR
Jun 6 cr.purchase PJ 0 570 5562 CR
Jun
Jun
Feedback
Account: APC - J. J. Spud
Account No. 210-3
Date Description Ref. Debit Credit Balance
May 31 Balance 4,992 CR
Jun 6 Credit purchase PJ 570 5,562 CR
(Q=310-210-4.AcctsPay4_week1)
Account: APC - Extreme Sports Supplies
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 1,686 CR
Jun 4 repaid CPJ 1686 0 0
Jun
Jun
Feedback
Account: APC - Extreme Sports Supplies
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 1,686 CR
Jun 4 Repayment CPJ 1,686 0
(Q=320-100.CashAtBank_week1)
GENERAL LEDGER
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 29,693 DR
Jun
Jun
Jun
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6/7/2018 Transactions - week 1
https://www.perdisco.com/elms/qsam/html/qsam.aspx 8/10
Feedback
There are no relevant entries in the Cash at Bank ledger for this week.
(Q=320-110.AcctsRecControl_week1)
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 11,539 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Receivable Control ledger for this week.
(Q=320-120.Inventory_week1)
Account: Inventory
Account No. 120
Date Description Ref. Debit Credit Balance
May 31 Balance 72,339 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Inventory ledger for this week.
(Q=320-210.AcctsPayControl_week1)
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 11,918 CR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Payable Control ledger for this week.
https://www.perdisco.com/elms/qsam/html/qsam.aspx 8/10
Feedback
There are no relevant entries in the Cash at Bank ledger for this week.
(Q=320-110.AcctsRecControl_week1)
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 11,539 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Receivable Control ledger for this week.
(Q=320-120.Inventory_week1)
Account: Inventory
Account No. 120
Date Description Ref. Debit Credit Balance
May 31 Balance 72,339 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Inventory ledger for this week.
(Q=320-210.AcctsPayControl_week1)
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 11,918 CR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Payable Control ledger for this week.
6/7/2018 Transactions - week 1
https://www.perdisco.com/elms/qsam/html/qsam.aspx 9/10
(Q=320-250.LoanPayable_week1)
Account: Bank Loan Payable
Account No. 250
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 1 bank loan CRJ 0 50000 50000 CR
Jun
Jun
Feedback
Account: Bank Loan Payable
Account No. 250
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 1 Loan from EastPac Bank CRJ 50,000 50,000 CR
(Q=320-400.SalesRevenue_week1)
Account: Sales Revenue
Account No. 400
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Sales Revenue ledger for this week.
(Q=320-402.DiscountRecd_week1)
Account: Discount Received
Account No. 402
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Discount Received ledger for this week.
https://www.perdisco.com/elms/qsam/html/qsam.aspx 9/10
(Q=320-250.LoanPayable_week1)
Account: Bank Loan Payable
Account No. 250
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 1 bank loan CRJ 0 50000 50000 CR
Jun
Jun
Feedback
Account: Bank Loan Payable
Account No. 250
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 1 Loan from EastPac Bank CRJ 50,000 50,000 CR
(Q=320-400.SalesRevenue_week1)
Account: Sales Revenue
Account No. 400
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Sales Revenue ledger for this week.
(Q=320-402.DiscountRecd_week1)
Account: Discount Received
Account No. 402
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Discount Received ledger for this week.
6/7/2018 Transactions - week 1
https://www.perdisco.com/elms/qsam/html/qsam.aspx 10/10
(Q=320-500.Purchases_week1)
Account: Purchases
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Purchases ledger for this week.
(Q=320-573.DiscountAllowed_week1)
Account: Discount Allowed
Account No. 573
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Discount Allowed ledger for this week.
Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3 (VBA3q)
© 2009 - 2014 Perdisco / latin /. v., learn thoroughly
http://www.perdisco.com
Terms Of Use | Privacy Policy | Thursday, June 07, 2018, 16:12
https://www.perdisco.com/elms/qsam/html/qsam.aspx 10/10
(Q=320-500.Purchases_week1)
Account: Purchases
Account No. 500
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Purchases ledger for this week.
(Q=320-573.DiscountAllowed_week1)
Account: Discount Allowed
Account No. 573
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Discount Allowed ledger for this week.
Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3 (VBA3q)
© 2009 - 2014 Perdisco / latin /. v., learn thoroughly
http://www.perdisco.com
Terms Of Use | Privacy Policy | Thursday, June 07, 2018, 16:12
1 out of 10
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