What information is needed? I added week 2 to the question but they are only ask
ID: 2521800 • Letter: W
Question
What information is needed? I added week 2 to the question but they are only asking for week 3. This is the only information provided..
Week 3
Purchased 13 sets of Sting Ray Golf Clubs from Sport Borders for $376 each, terms net 30.
Purchased 11 Specialist Tennis Raquets from Hike for $280 each, terms 2/10, n/30.
Sold 3 Quidditch Snitches to Jump Around for $752 each, Invoice No. 384.
Paid sales staff wages of $1,530 for the week up to and including yesterday, Check No. 877.
Received a purchase order from Balls 'n All. Created a corresponding sales order to deliver 40 Quidditch Snitches to this customer for $752 each, Invoice No. 386.
Balls 'n All paid $3,700 in partial payment of their account.
Made cash sale of 24 MJO Basketball Sets for a list price of $576 each. A trade discount of 25% applies.
The Locker Room returned 8 pairs of Football Boots that were originally sold for $336 each on 11 June. These items cost $192 each and were not faulty or damaged. Issued a Credit Memorandum for $2,688.
SALES JOURNAL
Date
Account
Invoice
No.
Post
Ref.
Accounts Receivable
Cost of Goods Sold
Jun
11
ARC - The Locker Room
383
110-3
6,048
3,456
Jun
(select)
Jun
(select)
Jun
(select)
Jun
(select)
(Q=502.purchasesJournalWeek3)
PURCHASES JOURNAL
Date
Account
Terms
Post
Ref.
Accounts Payable
Jun
9
APC - Addax Sports
net 30
210-6
3,248
Jun
(select)
Jun
(select)
Jun
(select)
Jun
(select)
What information is needed? I added week 2 to the question but they are only asking for week 3. This is the only information provided..
Week 2 9 Purchased 14 Specialist Tennis Raquets from Addax Sports for $232 each, terms net 30. 10 Mick's Sporting Goods paid the full amount owing on their account. Since Mick's Sporting Goods has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment. 11 Paid the full amount owing to Sports 'R Us, Check No. 873. Payment fell outside discount period. 11 Paid the full amount owing to Hike, Check No. 874. 11 Sold 18 pairs of Football Boots to The Locker Room for $336 each, Invoice No. 383. 11 Paid sales staff wages of $2,388 for the week up to and including yesterday, Check No. 875. 13 Paid the full amount owing to Sport Borders, Check No. 876. 13 Made cash sale of 25 sets of Sting Ray Golf Clubs for $648 each.Week 3
Purchased 13 sets of Sting Ray Golf Clubs from Sport Borders for $376 each, terms net 30.
Purchased 11 Specialist Tennis Raquets from Hike for $280 each, terms 2/10, n/30.
Sold 3 Quidditch Snitches to Jump Around for $752 each, Invoice No. 384.
Paid sales staff wages of $1,530 for the week up to and including yesterday, Check No. 877.
Received a purchase order from Balls 'n All. Created a corresponding sales order to deliver 40 Quidditch Snitches to this customer for $752 each, Invoice No. 386.
Balls 'n All paid $3,700 in partial payment of their account.
Made cash sale of 24 MJO Basketball Sets for a list price of $576 each. A trade discount of 25% applies.
The Locker Room returned 8 pairs of Football Boots that were originally sold for $336 each on 11 June. These items cost $192 each and were not faulty or damaged. Issued a Credit Memorandum for $2,688.
SALES JOURNAL
Date
Account
Invoice
No.
Post
Ref.
Accounts Receivable
Cost of Goods Sold
Jun
11
ARC - The Locker Room
383
110-3
6,048
3,456
Jun
(select)
Jun
(select)
Jun
(select)
Jun
(select)
(Q=502.purchasesJournalWeek3)
PURCHASES JOURNAL
Date
Account
Terms
Post
Ref.
Accounts Payable
Jun
9
APC - Addax Sports
net 30
210-6
3,248
Jun
(select)
Jun
(select)
Jun
(select)
Jun
(select)
Explanation / Answer
SALES JOURNAL Date Account Invoice Post Accounts Receivable Cost of Goods Sold No. Ref. Jun The Locker Room 383 6,048.00 3,456.00 Jun Jump Around 384 2,256.00 Jun Jun PURCHASES JOURNAL Date Account Terms Post Accounts Payable Ref. Jun Addax Sports Net 30 3,248.00 Jun Sports Borders Net 30 4,888.00 Jun Hike 2/10, n/30 Jun
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.