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Accounting II (ACC2250) Perdisco

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Perdisco Accounting Manual practice set Week 5 Transactions

University

Edith Cowan University

Course

Accounting II (ACC2250)

Manual Accounting Practice Set
Technology Boutique, Australasian 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 Turbo Tech paid the full amount owing on their account.
29 Made cash sale of 13 Tony ZIO MLP Projectors for $1,100 each.
30 Received 19 DK800 Desktop Computers for $1,023 each, which were ordered on the 27th, agreed terms with Moon Megasystems
are 2/10, n/30.
30 Purchased 24 MePod Multimedia Players with cash for a list price of $264 each. A trade discount of 25% applies, Cheque No.
631.
30 Paid monthly salary of $6,200 to Ferdinand Lamb, Cheque No. 632.
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.
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
enter this after you prepare the Bank Reconciliation Statement.
Update inventory cards on a daily basis.
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Accounting II (ACC2250) Perdisco

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