Perdisco Solution - Transactions - week 5

1. 2/19/2020 Transactions - week 5
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Manual Accounting Practice Set
Glorious Pants, US GAAP Edition 3
Feedback: Transactions - week 5
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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 Received Gourmet Cream for $361, which was ordered on the 23rd, agreed terms with Dominga Wholesalers are
2/10, n/30.
29 Paid sales staff wages of $5,624 for the two weeks up to and including yesterday, Check No. 610.
30 Quick Bolt Coffee paid the full amount owing on their account.
30 Made cash sales of $8,629 during the last 6 days of the month.
30 Paid monthly salary of $5,000 to Olivia Cornell, Check 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.
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2. 2/19/2020 Transactions - week 5
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APC - Dominga Wholesalers
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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Enter all answers to the nearest whole dollar.
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=701.salesJournalWeek5)
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
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 1 APC - Croup Coffee net 30 210-3 362
Jun 5 APC - East Tangiers Co-op. 2/10, n/30 210-1 462
Jun 29 2/10 n/30 210-4 361
Jun
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ARC - Quick Bolt Coffee
Sales Revenue
Jun
Jun
Feedback
PURCHASES JOURNAL
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 29 APC - Dominga Wholesalers 2/10, n/30 210-4 361
(Q=703.cashReceiptsJournalWeek5)
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 Sales Revenue X 9,946 9,946
Jun 30 110-4 2477 0 0 2477 0
Jun 30 X 8629 0 8629 0 0
Jun
Jun
Jun
Jun
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Wages Expense
Salary Expense
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
Jun 30 ARC - Quick Bolt Coffee 110-4 2,477 2,477
Jun 30 Sales Revenue X 8,629 8,629
(Q=704.cashPaymentsJournalWeek5)
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 APC - East Tangiers Co-op. 608 210-1 1,664 1,664
Jun 25 APC - Croup Coffee 609 210-3 2,214 2,214
Jun 29 610 516 0 0 5624 5624 0
Jun 30 611 545 0 0 5000 5000 0
Jun
Jun
Jun
Jun
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CASH PAYMENTS JOURNAL
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 APC - East Tangiers Co-op. 608 210-1 1,664 1,664
Jun 25 APC - Croup Coffee 609 210-3 2,214 2,214
Jun 29 Wages Expense 610 516 5,624 5,624
Jun 30 Salary Expense 611 545 5,000 5,000
(Q=705.generalJournalWeek5)
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
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There are no relevant entries in the general journal for this week.
(Q=710-110-4.AcctsRec4_week5)
SUBSIDIARY LEDGERS
Account: ARC - Quick Bolt Coffee
Account No. 110-4
Date Description Ref. Debit Credit Balance
May 31 Balance 2,477 DR
Jun 30 q CRJ 0 2477 0
Jun
Jun
Feedback
Account: ARC - Quick Bolt Coffee
Account No. 110-4
Date Description Ref. Debit Credit Balance
May 31 Balance 2,477 DR
Jun 30 Repayment CRJ 2,477 0
(Q=710-210-4.AcctsPay4_week5)
Account: APC - Dominga Wholesalers
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 3,288 CR
Jun 5 Repayment CPJ 3,288 0
Jun 29 q PJ 0 361 361 CR
Jun
Jun
Feedback
Account: APC - Dominga Wholesalers
Account No. 210-4
Date Description Ref. Debit Credit Balance
May 31 Balance 3,288 CR
Jun 5 Repayment CPJ 3,288 0
Jun 29 Credit purchase PJ 361 361 CR

7. 2/19/2020 Transactions - week 5
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(Q=720-100.Cash_week5)
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=720-110-0.ARControl_week5)
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
Jun
Feedback
There are no relevant entries in the Accounts Receivable Control ledger for this week.
(Q=720-120.Inventory_week5)
Account: Merchandise Inventory
Account No. 120
Date Description Ref. Debit Credit Balance
May 31 Balance 75,369 DR
Jun
Jun
Jun

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Feedback
There are no relevant entries in the Merchandise 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 14,198 CR
Jun 18 Purchase return to Croup Coffee GJ 1,195 13,003 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
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.SalesDisc_week5)
Account: Sales Discounts
Account No. 402
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun

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Jun
Jun
Feedback
There are no relevant entries in the Sales Discounts 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=720-502.PurchaseDisc_week5)
Account: Purchase Discounts
Account No. 502
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun
Jun
Jun
Feedback
There are no relevant entries in the Purchase Discounts 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 5,987 5,987 DR
Jun

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29 q CPJ 5624 0 11611 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 5,987 5,987 DR
Jun 29 Paid staff wages CPJ 5,624 11,611 DR
(Q=720-545.SalaryExpense_week5)
Account: Salary Expense
Account No. 545
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 q CPJ 5000 0 5000 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 5,000 5,000 DR
Manual Accounting Practice Set
Glorious Pants, US GAAP Edition 3 (VBU3q)
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