Transactions week 5 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 Gimmicks paid the full amount owing on their account. 29 Paid sales staff wages of $5,277 for the two weeks up to and including yesterday, Check No. 610 30 Received 45 copies of Accidental Accountant for $16 each, which were ordered on the 25h, agreed terms with Quickdraw Peak are 2/10, n/30 30 Made cash sales of S9,034 during the last 6 days of the month. 30 Paid monthly salary of $8,700 to Rinaldo Thomson, Check No. 611 Instructions for week 5 1) 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 2) Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedurest 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. Back-On-Track functionality Please note that any answers from previous pages carried through onto this page either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Enter all answers to the nearest whole dollar . You are also required to apply the joumals and led Week 1. provided in Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed. Bank statement June EARTH BANK Mlami branch Rinaldo Thomson 15 Freeman Avenue Miami, FL 33109 Spine TInglera Date Particular8 Debltt Credit Balance JUN 1 BALANCE BROUGHT FORWARD 519.294 CR JUN 2 602 $1,500 $17,794 CR JUN 3 801 55,800 311.994 CR JUN 4 LOAN $41,000 552 994 CR DEPOSIT Ofines $1,150 554.144 CR JUN 4 JUN 6 DEPOSIT-Gimmicks $3,794 557.938 CR 56.558 CR JUN7 604 $1.380 UNB 605 $1,200 555.358 CR $53.170 CPR JUN 9 603 52,188 4,536 JUN 10 DEPOSIT Cash sales $57,706 CR JUIN 16 808 2,280 555,446 CR JUN 15 DEPOSIT-Cash sales $11,550 566,996 CR JUN 17 DEPOSIT-Outines $2,765 569,781 CR JUN 20 DEPOSIT Paige Tumers 5900 570,681 CR JUN 21 NSF CHECK Paige Turners 5900 $69,781 CR JUIN 22 DEPOSIT Cash sales $9,103 57B,884 CR JUN 22 607 $5,275 573589 CR JUN 29 609 $3,279 $70.310 CR $10,010 JUN 29 DEPOSIT Cash sales JUN 30 610 $5,277 575,043 CR JUN 30 611 S6,700 568,343 CR JLIN 30 INTEREST 5148 588.491 CR $88 482 CR JUN 30 SERVICE CHARGE s9 This statement to Last statement to Total debitsTolal crecits Flnal balance 05311963019 06/30/19 $35,768 $68.482 CR al busine Bank reconciliation statement May Spine Tinglers Bank Reconciliation Statement May 31, 2019 $19.294 Balance per bank deposit in transit from Gimmicks S3,794 deposit in transit from Outlines 1.150 4.944 24.238 Deduct No. 601 $5.800 outstanding check outstanding check No. 602 1,500 7.300 Adjusted balance per bank 516,938 Balance per book 516.867 Add interest earned 80 16.947 Deoluct bank service charge Adjusted balance per book 316.938 Print Close CASH RECEIPTS JOURNAL Date Account Sales Ref. Sales Accounts Other Cash Discounts Revenue Receivable Accounts 250 41,000 1 Bank Loan Payable 41,000 4,536 Jun 3 Sales Revenue 4,536 Jun 10 ARC Outlines 110-1 2,765 307 3.072 11,550 Jun 10 Sales Revenue 11,550 110-6 Jun 16 ARC Paige Tumers 9,103 Jun 17Sales Revenue 9,103 110-3 Jun 19 ARC Amazone.com 2,797 2,797 Jun 24 Sales Revenue 10,010 10,010 110-4 Jun 29 ARC - Gimmicks 3,348 3,348 Jun 30 Sales Revenue 9,034 9,034 Total 10,117 95,043 307 44,233 41,000 (402) Post reference (100) (400) b CASH PAYMENTS JOURNAL Debit Credie Account Accounts Purchases Accounts Payable 503 210-4 2,188 Jun 4 APC Quickdraw Peak 2,233 4 Purchases 604 1,380 1,380 Jun 5 APC -Books R Us 605 210-2 1,212 1,200 12 608 210-5 Jun IAPC Albatross 516 607 5,275 5,275 2,798 2,798 Jun 25 APC Booked Inn 608 210-1 Jun 28 APC Peachson 609 210-3 3,279 3,279 Jun 2 Wages Expense 610 516 5,277 5,277 811 Jun 30 Salary Expense 545 6,700 6,700 Total 11,780 1,380 17,252 30,355 (210) (500) (100) Post reference (502) Bank Reconciliation General Journal Subsdiary Ledgers General Ledger Show AlI Spine Tinglers Bank Reconciliation Statement June 30, 2019 Balance per bank: 6848 deposit in transit in transit Deduct No Outstanding check outstanding check Y No No Adjusted balance per bank Balance per book Add interest earned Deduct C bank service cha NSF check Adjusted balance per book GENERAL JOURNAL Ppet Ref Debt Credst Date Account and Explanation 401 Jun 10 Sales Returns and Allowances 3.335 Jun ARC -Amazone.com 110 110-3 3.335 (sales retum) 210/210-31,377 Jun 19APC Peachson 501 Jun 1Purchase Returns and Allowances 1.377 (purchase return) Jun 30 Jun 30 Jun 30 Jun 30 SUBSIDIARY LEDGERS SUBSIDIARY LEDGERS Account: ARC ClifF's Notes Account No. 110-5 Date Description Credit Balance May 31 Balance Jun 16 Credit sale SJ 5,330 5,330 DR Jun 30 Jun 30 Jun 30 Jun 30 Balance Account: ARC Paige Turners Account No. 110-6 Dete Description Ref Debit Ceadio Balance May 31 Balance Jun 12 Credit sale SJ 2,635 2.635 DR Jun Repayment CRJ 900 1,735 DR 2.460 Jun 28 Credit sale SJ 4,195 DR Jun 30 Jun 30 Jun 30 Jun 30 Balance GENERAL LEDGER GENERAL LEDGER Account: Cash Account No. 100 Date Description Tet Debit Credit Balance May 31 Balance 16,938 DR Jun 30 Total from cash receipts journal CRJ 95.043 111,981 DR Jun 30 Total from cash payments journal CPJ 30,355 81,626 DR Jun 30 Jun 30 Jun 30 Jun 30 Jun 30Balance (o Account: ARC Accounts Receivable Control Account No. 110 Date Description Ref Debit Credit Balance May 31 Balance 11,329 DR Jun 10 Sales return from Amazone.conm 3.335 7,994 DR GJ Jun 30 Total from sales journal SJ 22,489 DR 14.495 Jun 30 Total from cash receipts journal CRJ 10,117 12,372 DR Jun 30 Jun 30 Jun 30 Jun 30 Jun 30Balance Account: APC Accounts Payable Control Account No. 210 Date Description Credit Balance May 31 Balance Jun 19 Purchase return to Peachson GJ 1.377 9,800 CR PJ Jun30 Total from purchases journal 2.700 12,500 CR Jun30 Total from cash payments journal CPJ 11,780 720 CR Jun 30 Jun 30 Jun 30 Jun 30Balance (0-825-403. Account: Interest Revenue Account No. 403 Date Description Ref Debit Credit Balance May 31 Balance Jun 30 Jun 30 Jun 30 Jun 30 Balance O-825-571.1 Account: Interest Expense Account No. 571 Date Description Debit Crdi Balance May 31 Balance Jun 30 Jun 30 Jun 30 Jun 30Balance (0-825-5 Transactions week 5 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 Gimmicks paid the full amount owing on their account. 29 Paid sales staff wages of $5,277 for the two weeks up to and including yesterday, Check No. 610 30 Received 45 copies of Accidental Accountant for $16 each, which were ordered on the 25h, agreed terms with Quickdraw Peak are 2/10, n/30 30 Made cash sales of S9,034 during the last 6 days of the month. 30 Paid monthly salary of $8,700 to Rinaldo Thomson, Check No. 611 Instructions for week 5 1) 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 2) Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedurest 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. Back-On-Track functionality Please note that any answers from previous pages carried through onto this page either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Enter all answers to the nearest whole dollar . You are also required to apply the joumals and led Week 1. provided in Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed. Bank statement June EARTH BANK Mlami branch Rinaldo Thomson 15 Freeman Avenue Miami, FL 33109 Spine TInglera Date Particular8 Debltt Credit Balance JUN 1 BALANCE BROUGHT FORWARD 519.294 CR JUN 2 602 $1,500 $17,794 CR JUN 3 801 55,800 311.994 CR JUN 4 LOAN $41,000 552 994 CR DEPOSIT Ofines $1,150 554.144 CR JUN 4 JUN 6 DEPOSIT-Gimmicks $3,794 557.938 CR 56.558 CR JUN7 604 $1.380 UNB 605 $1,200 555.358 CR $53.170 CPR JUN 9 603 52,188 4,536 JUN 10 DEPOSIT Cash sales $57,706 CR JUIN 16 808 2,280 555,446 CR JUN 15 DEPOSIT-Cash sales $11,550 566,996 CR JUN 17 DEPOSIT-Outines $2,765 569,781 CR JUN 20 DEPOSIT Paige Tumers 5900 570,681 CR JUN 21 NSF CHECK Paige Turners 5900 $69,781 CR JUIN 22 DEPOSIT Cash sales $9,103 57B,884 CR JUN 22 607 $5,275 573589 CR JUN 29 609 $3,279 $70.310 CR $10,010 JUN 29 DEPOSIT Cash sales JUN 30 610 $5,277 575,043 CR JUN 30 611 S6,700 568,343 CR JLIN 30 INTEREST 5148 588.491 CR $88 482 CR JUN 30 SERVICE CHARGE s9 This statement to Last statement to Total debitsTolal crecits Flnal balance 05311963019 06/30/19 $35,768 $68.482 CR al busine Bank reconciliation statement May Spine Tinglers Bank Reconciliation Statement May 31, 2019 $19.294 Balance per bank deposit in transit from Gimmicks S3,794 deposit in transit from Outlines 1.150 4.944 24.238 Deduct No. 601 $5.800 outstanding check outstanding check No. 602 1,500 7.300 Adjusted balance per bank 516,938 Balance per book 516.867 Add interest earned 80 16.947 Deoluct bank service charge Adjusted balance per book 316.938 Print Close CASH RECEIPTS JOURNAL Date Account Sales Ref. Sales Accounts Other Cash Discounts Revenue Receivable Accounts 250 41,000 1 Bank Loan Payable 41,000 4,536 Jun 3 Sales Revenue 4,536 Jun 10 ARC Outlines 110-1 2,765 307 3.072 11,550 Jun 10 Sales Revenue 11,550 110-6 Jun 16 ARC Paige Tumers 9,103 Jun 17Sales Revenue 9,103 110-3 Jun 19 ARC Amazone.com 2,797 2,797 Jun 24 Sales Revenue 10,010 10,010 110-4 Jun 29 ARC - Gimmicks 3,348 3,348 Jun 30 Sales Revenue 9,034 9,034 Total 10,117 95,043 307 44,233 41,000 (402) Post reference (100) (400) b CASH PAYMENTS JOURNAL Debit Credie Account Accounts Purchases Accounts Payable 503 210-4 2,188 Jun 4 APC Quickdraw Peak 2,233 4 Purchases 604 1,380 1,380 Jun 5 APC -Books R Us 605 210-2 1,212 1,200 12 608 210-5 Jun IAPC Albatross 516 607 5,275 5,275 2,798 2,798 Jun 25 APC Booked Inn 608 210-1 Jun 28 APC Peachson 609 210-3 3,279 3,279 Jun 2 Wages Expense 610 516 5,277 5,277 811 Jun 30 Salary Expense 545 6,700 6,700 Total 11,780 1,380 17,252 30,355 (210) (500) (100) Post reference (502) Bank Reconciliation General Journal Subsdiary Ledgers General Ledger Show AlI Spine Tinglers Bank Reconciliation Statement June 30, 2019 Balance per bank: 6848 deposit in transit in transit Deduct No Outstanding check outstanding check Y No No Adjusted balance per bank Balance per book Add interest earned Deduct C bank service cha NSF check Adjusted balance per book GENERAL JOURNAL Ppet Ref Debt Credst Date Account and Explanation 401 Jun 10 Sales Returns and Allowances 3.335 Jun ARC -Amazone.com 110 110-3 3.335 (sales retum) 210/210-31,377 Jun 19APC Peachson 501 Jun 1Purchase Returns and Allowances 1.377 (purchase return) Jun 30 Jun 30 Jun 30 Jun 30 SUBSIDIARY LEDGERS SUBSIDIARY LEDGERS Account: ARC ClifF's Notes Account No. 110-5 Date Description Credit Balance May 31 Balance Jun 16 Credit sale SJ 5,330 5,330 DR Jun 30 Jun 30 Jun 30 Jun 30 Balance Account: ARC Paige Turners Account No. 110-6 Dete Description Ref Debit Ceadio Balance May 31 Balance Jun 12 Credit sale SJ 2,635 2.635 DR Jun Repayment CRJ 900 1,735 DR 2.460 Jun 28 Credit sale SJ 4,195 DR Jun 30 Jun 30 Jun 30 Jun 30 Balance GENERAL LEDGER GENERAL LEDGER Account: Cash Account No. 100 Date Description Tet Debit Credit Balance May 31 Balance 16,938 DR Jun 30 Total from cash receipts journal CRJ 95.043 111,981 DR Jun 30 Total from cash payments journal CPJ 30,355 81,626 DR Jun 30 Jun 30 Jun 30 Jun 30 Jun 30Balance (o Account: ARC Accounts Receivable Control Account No. 110 Date Description Ref Debit Credit Balance May 31 Balance 11,329 DR Jun 10 Sales return from Amazone.conm 3.335 7,994 DR GJ Jun 30 Total from sales journal SJ 22,489 DR 14.495 Jun 30 Total from cash receipts journal CRJ 10,117 12,372 DR Jun 30 Jun 30 Jun 30 Jun 30 Jun 30Balance Account: APC Accounts Payable Control Account No. 210 Date Description Credit Balance May 31 Balance Jun 19 Purchase return to Peachson GJ 1.377 9,800 CR PJ Jun30 Total from purchases journal 2.700 12,500 CR Jun30 Total from cash payments journal CPJ 11,780 720 CR Jun 30 Jun 30 Jun 30 Jun 30Balance (0-825-403. Account: Interest Revenue Account No. 403 Date Description Ref Debit Credit Balance May 31 Balance Jun 30 Jun 30 Jun 30 Jun 30 Balance O-825-571.1 Account: Interest Expense Account No. 571 Date Description Debit Crdi Balance May 31 Balance Jun 30 Jun 30 Jun 30 Jun 30Balance (0-825-5