Perdisco Solution - Transactions - week 4

1. 2/19/2020 Transactions - week 4
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Manual Accounting Practice Set
Glorious Pants, US GAAP Edition 3
Feedback: Transactions - week 4
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next page of your practice set.
You are now asked to record transactions that occurred during the fourth week of June in the company's books. The week
4 transactions are listed below:
Week 4
Date Transaction description
22 Paid the full amount owing to East Tangiers Co-op., Check No. 608.
23 Ordered Gourmet Cream from Dominga Wholesalers for $361, agreed terms with Dominga Wholesalers are
2/10, n/30.
24 Delivered Coffee Cup Lids to Revamp Coffee Carts for $290, Invoice No. 204, which was ordered on the 20th.
24 Made cash sales of $9,946 during the week.
25 Paid the full amount owing to Croup Coffee, Check 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.
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2. 2/19/2020 Transactions - week 4
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ARC - Revamp Coffee Carts
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 do this before you prepare the Bank Reconciliation Statement.
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You are also required to apply the journals and ledgers instructions provided in Week 1.
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Special Journals General Journal Subsidiary Ledgers General Ledger
(Q=601.salesJournalWeek4)
SALES JOURNAL
Date Account
Invoice
No.
Post
Ref.
Amount
Jun 4 ARC - SloZone 201 110-3 369
Jun 10 ARC - Revamp Coffee Carts 202 110-6 3,460
Jun 15 ARC - KavaJava 203 110-5 480
Jun 24 204 110-6 290
Jun
Jun
Jun
Feedback
SALES JOURNAL
Date Account
Invoice
No.
Post
Ref.
Amount
Jun 4 ARC - SloZone 201 110-3 369
Jun 10 ARC - Revamp Coffee Carts 202 110-6 3,460
Jun 15 ARC - KavaJava 203 110-5 480
Jun 24 ARC - Revamp Coffee Carts 204 110-6 290
(Q=602.purchasesJournalWeek4)
PURCHASES JOURNAL
Show All

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Sales Revenue
Date Account Terms Post
Ref.
Amount
Jun 1 APC - Croup Coffee net 30 210-3 362
Jun 5 APC - East Tangiers Co-op. 2/10, n/30 210-1 462
Jun
Jun
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 labeled 'Account',
as indicated under the additional instructions above. Since all transactions in this journal affect the Cash 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
Sales
Discounts
Sales
Revenue
Accounts
Receivable
Other
Accounts
Jun 1 Bank Loan Payable 250 56,000 56,000
Jun 3 Sales Revenue X 4,788 4,788
Jun 9 ARC - Jandesh's Hot Spot 110-1 2,153 113 2,266
Jun 10 Sales Revenue X 11,275 11,275
Jun 16 ARC - SloZone 110-3 1,188 1,188
Jun 17 ARC - Revamp Coffee Carts 110-6 1,100 1,100
Jun 17 Sales Revenue X 9,293 9,293
Jun 24 X 9946 0 9946 0 0
Jun
Jun
Jun
Jun
Jun
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APC - East Tangiers Co
APC - Croup Coffee
CASH RECEIPTS JOURNAL
Date Account
Post
Ref.
Debit Credit
Cash
Sales
Discounts
Sales
Revenue
Accounts
Receivable
Other
Accounts
Jun 1 Bank Loan Payable 250 56,000 56,000
Jun 3 Sales Revenue X 4,788 4,788
Jun 9 ARC - Jandesh's Hot Spot 110-1 2,153 113 2,266
Jun 10 Sales Revenue X 11,275 11,275
Jun 16 ARC - SloZone 110-3 1,188 1,188
Jun 17 ARC - Revamp Coffee Carts 110-6 1,100 1,100
Jun 17 Sales Revenue X 9,293 9,293
Jun 24 Sales Revenue X 9,946 9,946
(Q=604.cashPaymentsJournalWeek4)
CASH PAYMENTS JOURNAL
Note: In order to receive full points, for each transaction you must select an account under the column labeled 'Account',
as indicated under the additional instructions above. Since all transactions in this journal affect the Cash 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 Check
No.
Post
Ref.
Debit Credit
Accounts
Payable
Purchases
Other
Accounts
Cash
Purchase
Discounts
Jun 3 APC - Klam Wholesalers 603 210-2 3,065 3,034 31
Jun 4 Purchases 604 X 1,912 1,912
Jun 5 APC - Dominga Wholesalers 605 210-4 3,288 3,222 66
Jun 8 APC - Jordo Gourmet Coffee 606 210-5 3,596 3,596
Jun 15 Wages Expense 607 516 5,987 5,987
Jun 22 608 210-1 1664 0 0 1664 0
Jun 25 609 210-3 2214 0 0 2214 0
Jun
Jun
Jun
Jun
Feedback
CASH PAYMENTS JOURNAL
Date Account Check
No.
Post
Ref.
Debit Credit

5. 2/19/2020 Transactions - week 4
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Accounts
Payable
Purchases Other
Accounts
Cash Purchase
Discounts
Jun 3 APC - Klam Wholesalers 603 210-2 3,065 3,034 31
Jun 4 Purchases 604 X 1,912 1,912
Jun 5 APC - Dominga Wholesalers 605 210-4 3,288 3,222 66
Jun 8 APC - Jordo Gourmet Coffee 606 210-5 3,596 3,596
Jun 15 Wages Expense 607 516 5,987 5,987
Jun 22 APC - East Tangiers Co-op. 608 210-1 1,664 1,664
Jun 25 APC - Croup Coffee 609 210-3 2,214 2,214
(Q=605.generalJournalWeek4)
GENERAL JOURNAL
Date Account and Explanation
Post
Ref.
Debit Credit
Jun 10 Sales Returns and Allowances 401 379
Jun 10 ARC - SloZone 110/110-3 379
(sales return)
Jun 18 APC - Croup Coffee 210/210-3 1,195
Jun 18 Purchase Returns and Allowances 501 1,195
(purchase return)
Jun
Jun
Jun
Feedback
There are no relevant entries in the general journal for this week.
(Q=610-110-2.AcctsRec2_week4)
SUBSIDIARY LEDGERS

6. 2/19/2020 Transactions - week 4
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Account: ARC - Con's Coffee
Account No. 110-2
Date Description Ref. Debit Credit Balance
May 31 Balance 2,233 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Con's Coffee ledger for this week.
(Q=610-110-6.AcctsRec6_week4)
Account: ARC - Revamp Coffee Carts
Account No. 110-6
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 10 Credit sale SJ 3,460 3,460 DR
Jun 17 Repayment CRJ 1,100 2,360 DR
Jun 24 q SJ 290 0 2650 DR
Jun
Jun
Feedback
Account: ARC - Revamp Coffee Carts
Account No. 110-6
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 10 Credit sale SJ 3,460 3,460 DR
Jun 17 Repayment CRJ 1,100 2,360 DR
Jun 24 Credit sale SJ 290 2,650 DR
(Q=610-210-1.AcctsPay1_week4)
Account: APC - East Tangiers Co-op.
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 1,202 CR
Jun 5 Credit purchase PJ 462 1,664 CR

7. 2/19/2020 Transactions - week 4
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Jun 22 q CPJ 1664 0 0
Jun
Jun
Feedback
Account: APC - East Tangiers Co-op.
Account No. 210-1
Date Description Ref. Debit Credit Balance
May 31 Balance 1,202 CR
Jun 5 Credit purchase PJ 462 1,664 CR
Jun 22 Repayment CPJ 1,664 0
(Q=610-210-3.AcctsPay3_week4)
Account: APC - Croup Coffee
Account No. 210-3
Date Description Ref. Debit Credit Balance
May 31 Balance 3,047 CR
Jun 1 Credit purchase PJ 362 3,409 CR
Jun 18 Purchase return GJ 1,195 2,214 CR
Jun 25 q CPJ 2214 0 0
Jun
Jun
Feedback
Account: APC - Croup Coffee
Account No. 210-3
Date Description Ref. Debit Credit Balance
May 31 Balance 3,047 CR
Jun 1 Credit purchase PJ 362 3,409 CR
Jun 18 Purchase return GJ 1,195 2,214 CR
Jun 25 Repayment CPJ 2,214 0
(Q=610-210-4.AcctsPay4_week4)
Account: APC - Dominga Wholesalers
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 3,288 CR

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Jun 5 Repayment CPJ 3,288 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Dominga Wholesalers ledger for this week.
(Q=620-100.Cash_week4)
GENERAL LEDGER
Account: Cash
Account No. 100
Date Description Ref. Debit Credit Balance
May 31 Balance 27,374 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Cash ledger for this week.
(Q=620-110.AcctsRecControl_week4)
Account: ARC - Accounts Receivable Control
Account No. 110
Date Description Ref. Debit Credit Balance
May 31 Balance 8,174 DR
Jun 10 Sales return from SloZone GJ 379 7,795 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Receivable Control ledger for this week.
(Q=620-120.Inventory_week4)

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Account: Merchandise Inventory
Account No. 120
Date Description Ref. Debit Credit Balance
May 31 Balance 75,369 DR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Merchandise Inventory ledger for this week.
(Q=620-210.AcctsPayControl_week4)
Account: APC - Accounts Payable Control
Account No. 210
Date Description Ref. Debit Credit Balance
May 31 Balance 14,198 CR
Jun 18 Purchase return to Croup Coffee GJ 1,195 13,003 CR
Jun
Jun
Jun
Feedback
There are no relevant entries in the Accounts Payable Control ledger for this week.
(Q=620-400.SalesRevenue_week4)
Account: Sales Revenue
Account No. 400
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.

10. 2/19/2020 Transactions - week 4
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(Q=620-500.Purchases_week4)
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.
Manual Accounting Practice Set
Glorious Pants, US GAAP Edition 3 (VBU3q)
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