Week 1

Date Transaction description

1 Issued Cheque No. 608 for $8,800 to pay Realty Bites for two month's worth
of rent in advance.
2 Issued Cheque No. 609 to Office Supplies Warehouse for the purchase of
$373 worth of office supplies.
4 Paid the full amount owing to Extreme Sports Inc, Cheque No. 610.
4 Paid sales staff wages of $2,478 for the week up to and including yesterday,
Cheque No. 611. Note that $1,143 of this payment relates to the wages
expense incurred during the last week of May.
7 Jump Around paid the full amount owing on their account.
7 Made payment of $902 to Integer Energy for 3 months of electricity up to and
including 31 May, Cheque No. 612.

Week 2

This study source was downloaded by 100000789252614 from CourseHero.com on 06-08-2022 05:34:33 GMT -05:00

https://www.coursehero.com/file/11148720/Week-1-5-Transactions/
 8 Balls 'n All paid the full amount owing on their account. Since Balls 'n All has
been a loyal customer from the day the business commenced, a 5% discount was
given for this early repayment.
9 Purchased 12 sets of Minor-league Base Balls from Extreme Sports Inc for
$112 each, terms net 30.
11 Paid the full amount owing to Sports 'R Us, Cheque No. 613. Payment fell
within discount period.
11 Sold 17 boxes of Golf Balls to Great Sports for $224 each, Invoice No. 208.
11 Paid sales staff wages of $2,094 for the week up to and including yesterday,
Cheque No. 614.
12 Paid the full amount owing to J. J. Spud, Cheque No. 615.
13 Made cash sale of 23 Bowling Balls for $280 each.
14 Paid the full amount owing to Sport Borders, Cheque No. 616.

This study source was downloaded by 100000789252614 from CourseHero.com on 06-08-2022 05:34:33 GMT -05:00

https://www.coursehero.com/file/11148720/Week-1-5-Transactions/
This study source was downloaded by 100000789252614 from CourseHero.com on 06-08-2022 05:34:33 GMT -05:00

https://www.coursehero.com/file/11148720/Week-1-5-Transactions/
 Week 3
16 Purchased 12 sets of Minor-league Base Balls from Sport Borders for $120
each, terms 2/10, n/30.
16 Sold 10 Rugby Balls to Jump Around for $300 each, Invoice No. 209.
17 Purchased 15 Bowling Balls from J. J. Spud for $192 each, terms net 30.
18 The Locker Room paid $2,000 in partial payment of their account.
18 Paid sales staff wages of $2,249 for the week up to and including yesterday,
Cheque No. 617.
19 Great Sports returned 5 boxes of Golf Balls that were originally sold for $224
each on 11 June. These items cost $152 each and were not faulty or damaged.
Issued a Credit Note for $1,120.
20 Made cash sale of 31 Football Jerseys for a list price of $200 each. A trade
discount of 10% applies.
20 Received a purchase order from The Locker Room. Created a corresponding
sales order to deliver 26 Rugby Balls to this customer for $300 each, Invoice No.
211.

This study source was downloaded by 100000789252614 from CourseHero.com on 06-08-2022 05:34:33 GMT -05:00

https://www.coursehero.com/file/11148720/Week-1-5-Transactions/
This study source was downloaded by 100000789252614 from CourseHero.com on 06-08-2022 05:34:33 GMT -05:00

https://www.coursehero.com/file/11148720/Week-1-5-Transactions/
 Week 4
22 Sold 87 sets of Minor-league Base Balls to Jump Around for $160 each,
Invoice No. 210.
23 Paid the full amount owing to Sport Borders, Cheque No. 618. This payment
relates to the credit purchase that was made in the previous week.
25 Paid sales staff wages of $1,826 for the week up to and including yesterday,
Cheque No. 619.
25 Ordered 17 sets of Minor-league Base Balls from Addax Sports for $120
each. Agreed terms with Addax Sports are 2/10, N/30.
26 Delivered 26 Rugby Balls to The Locker Room for $300 each, Invoice No.
211. These items were ordered on the 20th.
27 Great Sports paid the full amount owing on their account.
27 Made cash sale of 6 boxes of Golf Balls for $224 each.
28 Returned 5 faulty Bowling Balls, originally purchased for $192 each, to J. J.
Spud. Received a Credit Note for $960.

This study source was downloaded by 100000789252614 from CourseHero.com on 06-08-2022 05:34:33 GMT -05:00

https://www.coursehero.com/file/11148720/Week-1-5-Transactions/
 Week 5
29 Croquet and Cricket paid the full amount owing on their account.
29 Made cash sale of 35 Bowling Balls for $280 each.
29 Purchased 12 Football Jerseys with cash for a list price of $130 each. A trade
discount of 30% applies, Cheque No. 620.
30 Received 17 sets of Minor-league Base Balls for $120 each, which were
ordered on the 25th. Agreed terms with Addax Sports are 2/10, n/30.
30 Paid monthly salary of $5,100 to Rinaldo Thomson, Cheque No. 621.

This study source was downloaded by 100000789252614 from CourseHero.com on 06-08-2022 05:34:33 GMT -05:00

https://www.coursehero.com/file/11148720/Week-1-5-Transactions/
Powered by TCPDF (www.tcpdf.org)