Practice Set Information

9/21/2020 Practice set information
Transactions for June

You will use the following five weeks of transactions as you complete the books for June. Note that the transactions are
divided into five separate weeks. This is because you will not enter this whole list of transactions in any one page. You
will be given five separate pages in which to enter the transactions for that week for each of the five weeks.
Date Description
Week 1
1 Issued Cheque No. 694 for $9,000 to pay ZNG Property Group for two month's worth of rent in advance.
2 Central Coffee paid the full amount owing on their account.
4 Made payment of $813 to Enroff for 3 months of electricity up to and including 31 May, Cheque No. 695.
4 Paid sales staff wages of $2,441 for the week up to and including yesterday, Cheque No. 696. Note that
$1,143 of this payment relates to the wages expense incurred during the last week of May.
5 Issued Cheque No. 697 to Office Supplies Warehouse for the purchase of $302 worth of office supplies.
7 Paid the full amount owing to Croup Coffee, Cheque No. 698.
Week 2
8 Purchased 17 bags of Chocolate Coated Coffee Beans from Croup Coffee for $350 each, terms net 30.
8 KavaJava paid the full amount owing on their account. Since KavaJava has been a loyal customer from the
day the business commenced, a 10% discount was given for this early repayment.
10 Paid the full amount owing to Dominga Wholesalers, Cheque No. 699. Payment fell within discount period.
10 Sold 19 Connoisseur Teaspoon Sets to Revamp Coffee Carts for $500 each, Invoice No. 276.
11 Paid sales staff wages of $2,340 for the week up to and including yesterday, Cheque No. 700.
12 Paid the full amount owing to Buena Vista Coffee, Cheque No. 701.
12 Paid the full amount owing to Abejundio Coffee, Cheque No. 702.
13 Made cash sale of 2 packs of Coffee Syrups for $340 each.
Week 3
16 Sold 14 bags of Light Roast Colombian Coffee Beans to Central Coffee for $380 each, Invoice No. 277.
17 Purchased 10 bags of Chocolate Coated Coffee Beans from Abejundio Coffee for $400 each, terms 2/10,
n/30.
17 Quick Bolt Coffee paid $2,400 in partial payment of their account.
18 Purchased 16 packs of Coffee Syrups from Buena Vista Coffee for $210 each, terms net 30.
20 Made cash sale of 29 bags of Medium Roast Robusta Coffee Beans for a list price of $560 each. A trade
discount of 20% applies.
20 Revamp Coffee Carts returned 3 Connoisseur Teaspoon Sets that were originally sold for $500 each on 10
June. These items cost $310 each and were not faulty or damaged. Issued a Credit Note for $1,500.
20 Received a purchase order from Quick Bolt Coffee. Created a corresponding sales order to deliver 23 bags of
Light Roast Colombian Coffee Beans to this customer for $380 each, Invoice No. 279.
Week 4
22 Paid the full amount owing to Abejundio Coffee, Cheque No. 704. This payment relates to the credit purchase
that was made in the previous week.
23 Ordered 14 bags of Chocolate Coated Coffee Beans from Jordo Gourmet Coffee for $400 each. Agreed terms
with Jordo Gourmet Coffee are 2/10, n/30.
24 Sold 71 bags of Chocolate Coated Coffee Beans to Central Coffee for $570 each, Invoice No. 278.
24 Revamp Coffee Carts paid the full amount owing on their account.
26 Delivered 23 bags of Light Roast Colombian Coffee Beans to Quick Bolt Coffee for $380 each, Invoice No.
279. These items were ordered on the 20th.
27 Made cash sale of 41 Connoisseur Teaspoon Sets for $500 each.
28 Returned 9 faulty packs of Coffee Syrups, originally purchased for $210 each, to Buena Vista Coffee.
Received a Credit Note for $1,890.
Week 5
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9/21/2020 Practice set information
29 Made cash sale of 33 packs of Coffee Syrups for $340 each.

29 Purchased 13 bags of Medium Roast Robusta Coffee Beans with cash for a list price of $320 each. A trade
discount of 20% applies, Cheque No. 706.
30 Received 14 bags of Chocolate Coated Coffee Beans for $400 each, which were ordered on the 23rd. Agreed
terms with Jordo Gourmet Coffee are 2/10, n/30.
30 SloZone paid the full amount owing on their account.
30 Paid monthly salary of $4,000 to Antonio Cohen, Cheque No. 707.
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9/21/2020 Practice set information

Transactions for June

29 Made cash sale of 33 packs of Coffee Syrups for $340 each.

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