5/13/2017 Transactionsweek4

ManualAccountingPracticeSet
BallMart,USGAAPEdition3

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YouarenowaskedtorecordtransactionsthatoccurredduringthefourthweekofJuneinthecompany'sbooks.Theweek
4transactionsarelistedbelow:

Week4
Date Transactiondescription
24 Delivered10TennisRaquetstoJumpAroundfor$104each,InvoiceNo.204,whichwasorderedonthe19th.
25 PaidthefullamountowingtoGoodSports,CheckNo.608.
26 PaidthefullamountowingtoHike,CheckNo.609.
26 Madecashsalesof$9,825duringtheweek.
28 Ordered18SlamDunkBasketBallsfromSports'RUsfor$57each,agreedtermswithSports'RUsare2/10,
n/30.

Instructionsforweek4

1) Recordallweek4transactionsintherelevantjournals.

Notethatspecialjournalsmustbeusedwhereapplicable.Anytransactionthatcannotberecordedinaspecialjournal
shouldberecordedinthegeneraljournal.

2) Postentriesrecordedinthejournalstotheappropriateledgeraccountsaccordingtothecompany'saccounting
policiesandprocedures.

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5/13/2017 Transactionsweek4

Notethattherelevanttotalsofthespecialjournalswillbepostedtothegeneralledgeraccountsattheendofthe
month.YouwilldothisbeforeyoupreparetheBankReconciliationStatement.

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Pleasenotethatanyanswersfrompreviouspagescarriedthroughontothispage(eitheronthepageorina
popupinformationpage)havebeenreset,ifnecessary,tothecorrectanswers.Yourparticularanswersfrom
previouspagesarenolongershown.

Remember:

Enterallanswerstothenearestwholedollar.
YouarealsorequiredtoapplythejournalsandledgersinstructionsprovidedinWeek1.

BeforepressingtheSubmitanswersbutton,werecommendthatyouclicktheShowAlltabandcheckthatallrelevant
accountingrecordshavebeencompleted.

ShowAll SpecialJournals GeneralJournal SubsidiaryLedgers GeneralLedger

(Q=601.salesJournalWeek4)

SALESJOURNAL

Invoice Post
Date Account Amount
No. Ref.
Jun 3 ARCMick'sSportingGoods 201 1103 1,392
Jun 13 ARCJumpAround 202 1106 852
Jun 16 ARCTheLockerRoom 203 1105 1,083

Jun 24 ARCJumpAround 204 1106 1040

Jun

Jun

Jun

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SALESJOURNAL

Invoice Post
Date Account Amount
No. Ref.
Jun 3 ARCMick'sSportingGoods 201 1103 1,392
Jun 13 ARCJumpAround 202 1106 852
Jun 16 ARCTheLockerRoom 203 1105 1,083
Jun 24 ARCJumpAround 204 1106 1,040

(Q=602.purchasesJournalWeek4)

PURCHASESJOURNAL

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Date Account Terms Post Amount

Ref.
Jun 2 APCHike net30 2103 756
Jun 2 APCGoodSports 2/10,n/30 2101 525

Jun

Jun

Jun

Jun

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Therearenorelevantentriesinthepurchasesjournalforthisweek.

(Q=603.cashReceiptsJournalWeek4)

CASHRECEIPTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabeled'Account',
asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCashaccount,youare
askedtoenterthenameoftheappropriateaccountcreditedinthesetransactionsintotheAccountcolumnsothatthe
typeoftransactioncanbedeterminedbythenameoftheaccountenteredintothiscolumn.

Debit Credit
Post
Date Account
Ref. Cash
Sales Sales Accounts Other

Discounts Revenue Receivable Accounts

Jun 1 BankLoanPayable 250 52,000 52,000

Jun 5 SalesRevenue X 7,121 7,121
Jun 12 SalesRevenue X 11,163 11,163
Jun 14 ARCGreatSports 1101 2,252 250 2,502
Jun 17 ARCJumpAround 1106 700 700
Jun 19 SalesRevenue X 11,863 11,863
Jun 21 ARCMick'sSportingGoods 1103 862 862

Jun 26 SalesRevenue X 9825 0 9825 0 0

Jun

Jun

Jun

Jun

Jun

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5/13/2017 Transactionsweek4

CASHRECEIPTSJOURNAL

Debit Credit
Post
Date Account
Ref. Cash
Sales Sales Accounts Other

Discounts Revenue Receivable Accounts

Jun 1 BankLoanPayable 250 52,000 52,000

Jun 5 SalesRevenue X 7,121 7,121
Jun 12 SalesRevenue X 11,163 11,163
Jun 14 ARCGreatSports 1101 2,252 250 2,502
Jun 17 ARCJumpAround 1106 700 700
Jun 19 SalesRevenue X 11,863 11,863
Jun 21 ARCMick'sSportingGoods 1103 862 862
Jun 26 SalesRevenue X 9,825 9,825

(Q=604.cashPaymentsJournalWeek4)

CASHPAYMENTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabeled'Account',
asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCashaccount,youare
askedtoenterthenameoftheappropriateaccountdebitedinthesetransactionsintotheAccountcolumnsothatthe
typeoftransactioncanbedeterminedbythenameoftheaccountenteredintothiscolumn.

Debit Credit
Check Post
Date Account No. Ref. Accounts Other Purchase
Payable
Purchases
Accounts
Cash
Discounts

Jun 1 APCSports'RUs 603 2104 3,444 3,375 69

Jun 6 Purchases 604 X 663 663
Jun 7 APCExtremeSportsSupplies 605 2102 1,078 1,067 11
Jun 13 APCJ.J.Spud 606 2105 2,737 2,737
Jun 15 WagesExpense 607 516 5,703 5,703

Jun 25 APCGoodSports 608 2101 2708 0 0 2708 0

Jun 26 APCHike 609 2103 3219 0 0 3219 0

Jun

Jun

Jun

Jun

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CASHPAYMENTSJOURNAL

Date Account Check Post Debit Credit

No. Ref.

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5/13/2017 Transactionsweek4
Accounts Purchases Other Cash Purchase
Payable Accounts Discounts

Jun 1 APCSports'RUs 603 2104 3,444 3,375 69

Jun 6 Purchases 604 X 663 663
Jun 7 APCExtremeSportsSupplies 605 2102 1,078 1,067 11
Jun 13 APCJ.J.Spud 606 2105 2,737 2,737
Jun 15 WagesExpense 607 516 5,703 5,703
Jun 25 APCGoodSports 608 2101 2,708 2,708
Jun 26 APCHike 609 2103 3,219 3,219

(Q=605.generalJournalWeek4)

GENERALJOURNAL

Post
Date AccountandExplanation Debit Credit
Ref.
Jun 9 SalesReturnsandAllowances 401 3,159
Jun 9 ARCMick'sSportingGoods 110/1103 3,159
(salesreturn)

Jun 20 APCHike 210/2103 1,507
Jun 20 PurchaseReturnsandAllowances 501 1,507
(purchasereturn)

Jun

Jun

Jun

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Therearenorelevantentriesinthegeneraljournalforthisweek.

(Q=6101102.AcctsRec2_week4)

SUBSIDIARYLEDGERS

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5/13/2017 Transactionsweek4

Account:ARCCroquetandCricket
AccountNo.1102

Date Description Ref. Debit Credit Balance

May 31 Balance 2,773DR

Jun

Jun

Jun

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TherearenorelevantentriesintheCroquetandCricketledgerforthisweek.

(Q=6101106.AcctsRec6_week4)
Account:ARCJumpAround
AccountNo.1106

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 13 Creditsale SJ 852 852DR
Jun 17 Repayment CRJ 700 152DR

Jun 24 CreditSale SJ 1040 0 1192 DR

Jun

Jun

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Account:ARCJumpAround
AccountNo.1106

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 13 Creditsale SJ 852 852DR
Jun 17 Repayment CRJ 700 152DR
Jun 24 Creditsale SJ 1,040 1,192DR

(Q=6102101.AcctsPay1_week4)
Account:APCGoodSports
AccountNo.2101

Date Description Ref. Debit Credit Balance

May 31 Balance 2,183CR

Jun 2 Creditpurchase PJ 525 2,708CR

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5/13/2017 Transactionsweek4
Jun 25 Repayment CPJ 2708 0 0 CR

Jun

Jun

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Account:APCGoodSports
AccountNo.2101

Date Description Ref. Debit Credit Balance

May 31 Balance 2,183CR

Jun 2 Creditpurchase PJ 525 2,708CR
Jun 25 Repayment CPJ 2,708 0

(Q=6102103.AcctsPay3_week4)
Account:APCHike
AccountNo.2103

Date Description Ref. Debit Credit Balance

May 31 Balance 3,970CR

Jun 2 Creditpurchase PJ 756 4,726CR
Jun 20 Purchasereturn GJ 1,507 3,219CR

Jun 26 Repayment CPJ 3219 0 0 CR

Jun

Jun

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Account:APCHike
AccountNo.2103

Date Description Ref. Debit Credit Balance

May 31 Balance 3,970CR

Jun 2 Creditpurchase PJ 756 4,726CR
Jun 20 Purchasereturn GJ 1,507 3,219CR
Jun 26 Repayment CPJ 3,219 0

(Q=6102104.AcctsPay4_week4)
Account:APCSports'RUs
AccountNo.2104

Date Description Ref. Debit Credit Balance

May 31 Balance 3,444CR

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5/13/2017 Transactionsweek4

Jun 1 Repayment CPJ 3,444 0

Jun

Jun

Jun

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TherearenorelevantentriesintheSports'RUsledgerforthisweek.

(Q=620100.Cash_week4)

GENERALLEDGER
Account:Cash
AccountNo.100

Date Description Ref. Debit Credit Balance

May 31 Balance 25,567DR

Jun

Jun

Jun

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TherearenorelevantentriesintheCashledgerforthisweek.

(Q=620110.AcctsRecControl_week4)
Account:ARCAccountsReceivableControl
AccountNo.110

Date Description Ref. Debit Credit Balance

May 31 Balance 11,355DR

Jun 9 SalesreturnfromMick'sSportingGoods GJ 3,159 8,196DR

Jun

Jun

Jun

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TherearenorelevantentriesintheAccountsReceivableControlledgerforthisweek.

(Q=620120.Inventory_week4)

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Account:MerchandiseInventory
AccountNo.120

Date Description Ref. Debit Credit Balance

May 31 Balance 73,729DR

Jun

Jun

Jun

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TherearenorelevantentriesintheMerchandiseInventoryledgerforthisweek.

(Q=620210.AcctsPayControl_week4)
Account:APCAccountsPayableControl
AccountNo.210

Date Description Ref. Debit Credit Balance

May 31 Balance 13,412CR

Jun 20 PurchasereturntoHike GJ 1,507 11,905CR

Jun

Jun

Jun

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TherearenorelevantentriesintheAccountsPayableControlledgerforthisweek.

(Q=620400.SalesRevenue_week4)
Account:SalesRevenue
AccountNo.400

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun

Jun

Jun

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TherearenorelevantentriesintheSalesRevenueledgerforthisweek.

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5/13/2017 Transactionsweek4
(Q=620500.Purchases_week4)
Account:Purchases
AccountNo.500

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun

Jun

Jun

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TherearenorelevantentriesinthePurchasesledgerforthisweek.

ManualAccountingPracticeSet
BallMart,USGAAPEdition3(VCU3q)
20092014Perdisco/latin/.v.,learnthoroughly
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