Transactions - Week 5 | Manual Accounting Practice Set | Ball-Mart

This page contains instructions for entering transactions that occurred during the final week of June into the company's books. It also provides feedback on the progress of the practice set. The page includes special journals, general journal, subsidiary ledgers, and general ledger. The page also provides instructions for recording transactions in the relevant journals and posting entries to the appropriate ledger accounts.

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Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3
Feedback: Transactions - week 5
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 required to enter transactions that occurred during the final week of June into the company's books. The
following transactions occurred throughout the last week of June:
Week 5
Date Transaction description
29 Paid sales staff wages of $5,867 for the two weeks up to and including yesterday, Cheque No. 610.
30 Received 20 sets of Minor-league Base Balls for $50 each, which were ordered on the 26th, agreed terms with
Extreme Sports Supplies are 2/10, n/30.
30 Jump Around paid the full amount owing on their account.
30 Made cash sales of $6,752 during the last 4 days of the month.
30 Paid monthly salary of $6,300 to Robin Cohen, Cheque No. 611.
Instructions for week 5
Record all week 5 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.
Back-On-Track functionality
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APC - Extreme Sports Supplies
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=701.salesJournalWeek5)
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
Jun
Jun
Jun
Jun
Feedback
There are no relevant entries in the sales journal for this week.
(Q=702.purchasesJournalWeek5)
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 30 2/10 n/30 210-4 1000
Jun
Jun
Jun
Feedback
Show All

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ARC - Jump Around
Sales Revenue
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 30 APC - Extreme Sports Supplies 2/10, n/30 210-4 1,000
(Q=703.cashReceiptsJournalWeek5)
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 Sales Revenue X 11,297 11,297
Jun 30 110-4 3479 0 0 3479 0
Jun 30 X 6752 0 6752 0 0
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

6/7/2018 Transactions - week 5
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Wages Expense
Salary Expense
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 Sales Revenue X 11,297 11,297
Jun 30 ARC - Jump Around 110-4 3,479 3,479
Jun 30 Sales Revenue X 6,752 6,752
(Q=704.cashPaymentsJournalWeek5)
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 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
Jun 9 APC - Sports 'R Us 606 210-5 2,211 2,211
Jun 15 Wages Expense 607 516 5,432 5,432
Jun 25 APC - J. J. Spud 608 210-3 3,187 3,187
Jun 27 APC - Hike 609 210-1 2,878 2,878
Jun 29 610 X 0 0 5867 5867 0
Jun 30 611 545 0 0 6300 6300 0
Jun
Jun
Jun
Jun
Feedback
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
Jun 9 APC - Sports 'R Us 606 210-5 2,211 2,211
Jun 15 Wages Expense 607 516 5,432 5,432
Jun 25 APC - J. J. Spud 608 210-3 3,187 3,187
Jun 27 APC - Hike 609 210-1 2,878 2,878

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Jun 29 Wages Expense 610 516 5,867 5,867
Jun 30 Salary Expense 611 545 6,300 6,300
(Q=705.generalJournalWeek5)
GENERAL JOURNAL
Date Account and Explanation Post
Ref. Debit Credit
Jun 13 Sales Returns and Allowances 401 2,173
Jun 13 ARC - Mick's Sporting Goods 110/110-3 2,173
(sales return)
Jun 16 APC - J. J. Spud 210/210-3 2,375
Jun 16 Purchase Returns and Allowances 501 2,375
(purchase return)
Jun
Jun
Jun
Feedback
There are no relevant entries in the general journal for this week.
(Q=710-110-4.AcctsRec4_week5)
SUBSIDIARY LEDGERS
Account: ARC - Jump Around
Account No. 110-4
Date Description Ref. Debit Credit Balance
May 31 Balance 3,479 DR
Jun 30 repaid CRJ 0 3479 0
Jun
Jun
Feedback

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Account: ARC - Jump Around
Account No. 110-4
Date Description Ref. Debit Credit Balance
May 31 Balance 3,479 DR
Jun 30 Repayment CRJ 3,479 0
(Q=710-210-4.AcctsPay4_week5)
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
Jun 30 credit purchase PJ 0 1000 1000 CR
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
Jun 30 Credit purchase PJ 1,000 1,000 CR
(Q=720-100.CashAtBank_week5)
GENERAL LEDGER
Account: Cash at Bank
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 29,693 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Cash at Bank ledger for this week.
(Q=720-110-0.ARControl_week5)
Account: ARC - Accounts Receivable Control
Account No. 110

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Date Description Ref. Debit Credit Balance
May 31 Balance 11,539 DR
Jun 13 Sales return from Mick's Sporting Goods GJ 2,173 9,366 DR
Jun
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Receivable Control ledger for this week.
(Q=720-120.Inventory_week5)
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=720-210-0.APControl_week5)
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 11,918 CR
Jun 16 Purchase return to J. J. Spud GJ 2,375 9,543 CR
Jun
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Payable Control ledger for this week.
(Q=720-400.SalesRevenue_week5)
Account: Sales Revenue
Account No. 400

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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=720-402.DiscountReceived_week5)
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.
(Q=720-500.Purchases_week5)
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=720-516.WagesExpense_week5)
Account: Wages Expense
Account No. 516
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 15 Paid staff wages CPJ 5,432 5,432 DR
Jun

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30 wages paid CPJ 5687 0 11119 DR
Jun
Jun
Feedback
Account: Wages Expense
Account No. 516
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 15 Paid staff wages CPJ 5,432 5,432 DR
Jun 29 Paid staff wages CPJ 5,867 11,299 DR
(Q=720-545.SalaryExpense_week5)
Account: Salary Expense
Account No. 545
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 owner salary CPJ 6300 0 6300 DR
Jun
Jun
Feedback
Account: Salary Expense
Account No. 545
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Paid salary CPJ 6,300 6,300 DR
(Q=720-573.DiscountAllowed_week5)
Account: Discount Allowed
Account No. 573
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback

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There are no relevant entries in the Discount Allowed ledger for this week.
Manual Accounting Practice Set
Ball-Mart, Australasian Edition 3 (VBA3q)
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