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ManualAccountingPracticeSet
BallMart,USGAAPEdition3
Feedback:Transactionsweek5
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YouarenowrequiredtoentertransactionsthatoccurredduringthefinalweekofJuneintothecompany'sbooks.The
followingtransactionsoccurredthroughoutthelastweekofJune:
Week5
Date Transactiondescription
29 Paidsalesstaffwagesof$5,894forthetwoweeksuptoandincludingyesterday,CheckNo.610.
30 Received18SlamDunkBasketBallsfor$57each,whichwereorderedonthe28th,agreedtermswithSports'R
Usare2/10,n/30.
30 Balls'nAllpaidthefullamountowingontheiraccount.
30 Madecashsalesof$5,597duringthelast4daysofthemonth.
30 Paidmonthlysalaryof$6,600toOliviaBethe,CheckNo.611.
Instructionsforweek5
1) Recordallweek5transactionsintherelevantjournals.
Notethatspecialjournalsmustbeusedwhereapplicable.Anytransactionthatcannotberecordedinaspecialjournal
shouldberecordedinthegeneraljournal.
2) Postentriesrecordedinthejournalstotheappropriateledgeraccountsaccordingtothecompany'saccounting
policiesandprocedures.
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5/13/2017 Transactionsweek5
Notethattherelevanttotalsofthespecialjournalswillbepostedtothegeneralledgeraccountsattheendofthe
month.YouwilldothisbeforeyoupreparetheBankReconciliationStatement.
BackOnTrackfunctionality
Pleasenotethatanyanswersfrompreviouspagescarriedthroughontothispage(eitheronthepageorina
popupinformationpage)havebeenreset,ifnecessary,tothecorrectanswers.Yourparticularanswersfrom
previouspagesarenolongershown.
Remember:
Enterallanswerstothenearestwholedollar.
YouarealsorequiredtoapplythejournalsandledgersinstructionsprovidedinWeek1.
BeforepressingtheSubmitanswersbutton,werecommendthatyouclicktheShowAlltabandcheckthatallrelevant
accountingrecordshavebeencompleted.
(Q=701.salesJournalWeek5)
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
Jun
Jun
Jun
Jun
Feedback
Therearenorelevantentriesinthesalesjournalforthisweek.
(Q=702.purchasesJournalWeek5)
PURCHASESJOURNAL
Post
Date Account Terms Amount
Ref.
Jun 2 APCHike net30 2103 756
Jun 2 APCGoodSports 2/10,n/30 2101 525
Jun
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Jun
Jun
Feedback
PURCHASESJOURNAL
Post
Date Account Terms Amount
Ref.
Jun 2 APCHike net30 2103 756
Jun 2 APCGoodSports 2/10,n/30 2101 525
Jun 30 APCSports'RUs 2/10,n/30 2104 1,026
(Q=703.cashReceiptsJournalWeek5)
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
Jun
Jun
Jun
Feedback
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CASHRECEIPTSJOURNAL
Debit Credit
Post
Date Account
Ref. Cash
Sales Sales Accounts Other
Discounts Revenue Receivable Accounts
(Q=704.cashPaymentsJournalWeek5)
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
Jun
Jun
Jun
Feedback
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CASHPAYMENTSJOURNAL
Debit Credit
Check Post
Date Account No. Ref. Accounts Other Purchase
Payable
Purchases
Accounts
Cash
Discounts
(Q=705.generalJournalWeek5)
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
Feedback
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Therearenorelevantentriesinthegeneraljournalforthisweek.
(Q=7101104.AcctsRec4_week5)
SUBSIDIARYLEDGERS
Account:ARCBalls'nAll
AccountNo.1104
Jun
Jun
Feedback
Account:ARCBalls'nAll
AccountNo.1104
(Q=7102104.AcctsPay4_week5)
Account:APCSports'RUs
AccountNo.2104
Jun
Jun
Feedback
Account:APCSports'RUs
AccountNo.2104
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(Q=720100.Cash_week5)
GENERALLEDGER
Account:Cash
AccountNo.100
Jun
Jun
Jun
Feedback
TherearenorelevantentriesintheCashledgerforthisweek.
(Q=7201100.ARControl_week5)
Account:ARCAccountsReceivableControl
AccountNo.110
Jun
Jun
Jun
Jun
Feedback
TherearenorelevantentriesintheAccountsReceivableControlledgerforthisweek.
(Q=720120.Inventory_week5)
Account:MerchandiseInventory
AccountNo.120
Jun
Jun
Jun
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Feedback
TherearenorelevantentriesintheMerchandiseInventoryledgerforthisweek.
(Q=7202100.APControl_week5)
Account:APCAccountsPayableControl
AccountNo.210
Jun
Jun
Jun
Jun
Feedback
TherearenorelevantentriesintheAccountsPayableControlledgerforthisweek.
(Q=720400.SalesRevenue_week5)
Account:SalesRevenue
AccountNo.400
May 31 Balance 0
Jun
Jun
Jun
Feedback
TherearenorelevantentriesintheSalesRevenueledgerforthisweek.
(Q=720402.SalesDisc_week5)
Account:SalesDiscounts
AccountNo.402
May 31 Balance 0
Jun
Jun
Jun
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Feedback
TherearenorelevantentriesintheSalesDiscountsledgerforthisweek.
(Q=720500.Purchases_week5)
Account:Purchases
AccountNo.500
May 31 Balance 0
Jun
Jun
Jun
Feedback
TherearenorelevantentriesinthePurchasesledgerforthisweek.
(Q=720502.PurchaseDisc_week5)
Account:PurchaseDiscounts
AccountNo.502
May 31 Balance 0
Jun
Jun
Jun
Feedback
TherearenorelevantentriesinthePurchaseDiscountsledgerforthisweek.
(Q=720516.WagesExpense_week5)
Account:WagesExpense
AccountNo.516
May 31 Balance 0
Jun 15 Paidstaffwages CPJ 5,703 5,703DR
Jun
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Jun
Feedback
Account:WagesExpense
AccountNo.516
May 31 Balance 0
Jun 15 Paidstaffwages CPJ 5,703 5,703DR
Jun 29 Paidstaffwages CPJ 5,894 11,597DR
(Q=720545.SalaryExpense_week5)
Account:SalaryExpense
AccountNo.545
May 31 Balance 0
Jun
Jun
Feedback
Account:SalaryExpense
AccountNo.545
May 31 Balance 0
Jun 30 Paidsalary CPJ 6,600 6,600DR
ManualAccountingPracticeSet
BallMart,USGAAPEdition3(VCU3q)
20092014Perdisco/latin/.v.,learnthoroughly
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