Week 2 11 Balls 'n All paid the full amount owing on theiraccount. 11 Made cash sale of 24 Melon Watt Skateboards for $280each plus 5% sales tax. 12 Made payment of $1,376 to State Powerfor 3 months of electricity up to and including May 31, Check No.772. 12 Paid sales staff wages of $1,730 for the week up to andincluding yesterday, Check No. 773. 13 Paid the full amount owingto Sport Borders, Check No. 774. 13 Sold 29 Specialist Body Boardsto Croquet and Cricket for $260 each, plus 5% sales tax, InvoiceNo. 410. 1)Record all week 1 transactions in the relevant journals.Note that special journals must be used where applicable. Anytransaction that cannot be recorded in a special journal should berecorded in the general journal. 2)Post entries recorded in thejournals to the appropriate ledger accounts according to thecompany's accounting policies and procedures.
Week 2 11 Balls 'n All paid the full amount owing on theiraccount. 11 Made cash sale of 24 Melon Watt Skateboards for $280each plus 5% sales tax. 12 Made payment of $1,376 to State Powerfor 3 months of electricity up to and including May 31, Check No.772. 12 Paid sales staff wages of $1,730 for the week up to andincluding yesterday, Check No. 773. 13 Paid the full amount owingto Sport Borders, Check No. 774. 13 Sold 29 Specialist Body Boardsto Croquet and Cricket for $260 each, plus 5% sales tax, InvoiceNo. 410. 1)Record all week 1 transactions in the relevant journals.Note that special journals must be used where applicable. Anytransaction that cannot be recorded in a special journal should berecorded in the general journal. 2)Post entries recorded in thejournals to the appropriate ledger accounts according to thecompany's accounting policies and procedures.
Related questions
| Week 5 | ||
| 29 | Received 13 Bungee Kits for $420each, which were ordered on the 24th, agreed terms withJ. J. Spud are 2/10, n/30. | |
| 29 | Great Sports paid the full amountowing on their account. | |
| 29 | Made cash sale of 30 Melon WattSkateboards for $280 each plus 5% sales tax. | |
| 30 | Purchased 27 Specialist Body Boardswith cash for a list price of $100 each. A trade discount of 20%applies, Check No. 780. | |
| 30 | Paid monthly salary of $5,400 to Orlando Chadwick, Check No.781. 1)Record all week 1 transactions in therelevant journals. Note that special journals must be used where applicable. Anytransaction that cannot be recorded in a special journal should berecorded in the general journal. 2)Post entries recorded in the journals to theappropriate ledger accounts according to the company's accountingpolicies and procedures. | |
