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5/13/2017 Transactionsweek5

ManualAccountingPracticeSet
BallMart,USGAAPEdition3

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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.

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Pleasenotethatanyanswersfrompreviouspagescarriedthroughontothispage(eitheronthepageorina
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Remember:

Enterallanswerstothenearestwholedollar.
YouarealsorequiredtoapplythejournalsandledgersinstructionsprovidedinWeek1.

BeforepressingtheSubmitanswersbutton,werecommendthatyouclicktheShowAlltabandcheckthatallrelevant
accountingrecordshavebeencompleted.

ShowAll SpecialJournals GeneralJournal SubsidiaryLedgers GeneralLedger

(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

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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 30 APCSports'RUs 2/10n/30 2104 1026

Jun

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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 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

Jun 30 ARCBalls'nAll 1104 3451 0 0 3451 0

Jun 30 SalesRevenue x 5597 0 5597 0 0

Jun

Jun

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Jun

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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
Jun 30 ARCBalls'nAll 1104 3,451 3,451
Jun 30 SalesRevenue X 5,597 5,597

(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 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

Jun 29 WagesExpense 610 516 0 0 5894 5894 0

Jun 30 SalaryExpense 611 545 0 0 6600 6600 0

Jun

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CASHPAYMENTSJOURNAL

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 2,708 2,708
Jun 26 APCHike 609 2103 3,219 3,219
Jun 29 WagesExpense 610 516 5,894 5,894
Jun 30 SalaryExpense 611 545 6,600 6,600

(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

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Therearenorelevantentriesinthegeneraljournalforthisweek.

(Q=7101104.AcctsRec4_week5)

SUBSIDIARYLEDGERS
Account:ARCBalls'nAll
AccountNo.1104

Date Description Ref. Debit Credit Balance

May 31 Balance 3,451DR

Jun 30 Repayment CRJ 0 3451 0 DR

Jun

Jun

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Account:ARCBalls'nAll
AccountNo.1104

Date Description Ref. Debit Credit Balance

May 31 Balance 3,451DR


Jun 30 Repayment CRJ 3,451 0

(Q=7102104.AcctsPay4_week5)
Account:APCSports'RUs
AccountNo.2104

Date Description Ref. Debit Credit Balance

May 31 Balance 3,444CR


Jun 1 Repayment CPJ 3,444 0

Jun 30 CreditPurchase PJ 0 1026 1026 CR

Jun

Jun

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Account:APCSports'RUs
AccountNo.2104

Date Description Ref. Debit Credit Balance

May 31 Balance 3,444CR


Jun 1 Repayment CPJ 3,444 0
Jun 30 Creditpurchase PJ 1,026 1,026CR

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(Q=720100.Cash_week5)

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=7201100.ARControl_week5)
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

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TherearenorelevantentriesintheAccountsReceivableControlledgerforthisweek.

(Q=720120.Inventory_week5)
Account:MerchandiseInventory
AccountNo.120

Date Description Ref. Debit Credit Balance

May 31 Balance 73,729DR

Jun

Jun

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TherearenorelevantentriesintheMerchandiseInventoryledgerforthisweek.

(Q=7202100.APControl_week5)
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

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Jun

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TherearenorelevantentriesintheAccountsPayableControlledgerforthisweek.

(Q=720400.SalesRevenue_week5)
Account:SalesRevenue
AccountNo.400

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun

Jun

Jun

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TherearenorelevantentriesintheSalesRevenueledgerforthisweek.

(Q=720402.SalesDisc_week5)
Account:SalesDiscounts
AccountNo.402

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun

Jun

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TherearenorelevantentriesintheSalesDiscountsledgerforthisweek.

(Q=720500.Purchases_week5)
Account:Purchases
AccountNo.500

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun

Jun

Jun

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TherearenorelevantentriesinthePurchasesledgerforthisweek.

(Q=720502.PurchaseDisc_week5)
Account:PurchaseDiscounts
AccountNo.502

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun

Jun

Jun

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TherearenorelevantentriesinthePurchaseDiscountsledgerforthisweek.

(Q=720516.WagesExpense_week5)
Account:WagesExpense
AccountNo.516

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 15 Paidstaffwages CPJ 5,703 5,703DR

Jun 29 Paidstaff CPJ 5894 0 11597 DR

Jun

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Account:WagesExpense
AccountNo.516

Date Description Ref. Debit Credit Balance

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

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30 OwnersSalary CPJ 6600 0 6600 DR

Jun

Jun

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Account:SalaryExpense
AccountNo.545

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 30 Paidsalary CPJ 6,600 6,600DR

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