Manual Accounting Practice Set - Transactions Week 4 | Desklib

6/7/2018 Transactions - week 4
https://www.perdisco.com/elms/qsam/html/qsam.aspx 1/9
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Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3
Feedback: Transactions - week 4
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.
You are now asked to record transactions that occurred throughout the fourth week of June in the company's books. The
week 4 transactions are listed below:
Week 4
Date Transaction description
25 Paid the full amount owing to J. J. Spud, Cheque No. 608.
25 Delivered 23 boxes of Golf Balls to Croquet and Cricket for $82 each, Invoice No. 504, which was ordered on
the 20th.
26 Made cash sales of $11,297 during the week.
26 Ordered 20 sets of Minor-league Base Balls from Extreme Sports Supplies for $50 each, agreed terms with
Extreme Sports Supplies are 2/10, n/30.
27 Paid the full amount owing to Hike, Cheque No. 609.
Instructions for week 4
Record all week 4 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.
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6/7/2018 Transactions - week 4
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ARC - Croquet and Cricket
Please note that any answers from previous pages carried through onto this page (either on the page or in a
popup information page) have been reset, if necessary, to the correct answers. Your particular answers from
previous pages are no longer shown.
Remember:
Enter all answers to the nearest whole dollar.
You are also required to apply the journals and ledgers instructions provided in Week 1.
Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant
accounting records have been completed.
Special Journals General Journal Subsidiary Ledgers General Ledger
(Q=601.salesJournalWeek4)
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
Jun 6 ARC - Mick's Sporting Goods 501 110-3 720
Jun 10 ARC - Croquet and Cricket 502 110-6 832
Jun 17 ARC - The Locker Room 503 110-5 928
Jun 25 504 110-6 1886
Jun
Jun
Jun
Feedback
SALES JOURNAL
Date Account Invoice
No.
Post
Ref. Amount
Jun 6 ARC - Mick's Sporting Goods 501 110-3 720
Jun 10 ARC - Croquet and Cricket 502 110-6 832
Jun 17 ARC - The Locker Room 503 110-5 928
Jun 25 ARC - Croquet and Cricket 504 110-6 1,886
(Q=602.purchasesJournalWeek4)
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
Jun
Jun
Show All

6/7/2018 Transactions - week 4
https://www.perdisco.com/elms/qsam/html/qsam.aspx 3/9
Sales Revenue
Jun
Jun
Feedback
There are no relevant entries in the purchases journal for this week.
(Q=603.cashReceiptsJournalWeek4)
CASH RECEIPTS 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 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 Bank Loan Payable 250 50,000 50,000
Jun 5 Sales Revenue X 6,752 6,752
Jun 8 ARC - Great Sports 110-1 2,441 271 2,712
Jun 12 Sales Revenue X 9,892 9,892
Jun 19 Sales Revenue X 11,920 11,920
Jun 20 ARC - Croquet and Cricket 110-6 300 300
Jun 21 ARC - Mick's Sporting Goods 110-3 2,077 2,077
Jun 26 x 11297 0 11297 0 0
Jun
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
Jun 8 ARC - Great Sports 110-1 2,441 271 2,712
Jun 12 Sales Revenue X 9,892 9,892
Jun 19 Sales Revenue X 11,920 11,920
Jun 20 ARC - Croquet and Cricket 110-6 300 300