Date Description

Week 1
1 Issued Cheque No. 809 for $8,700 to pay Realty Bites for two month's worth of rent in advance.
2 Paid the full amount owing to Sports 'R Us, Cheque No. 810.
2 Issued Cheque No. 811 to Office Supplies Warehouse for the purchase of $454 worth of office supplies.
4 Jump Around paid the full amount owing on their account.
4 Paid sales staff wages of $2,467 for the week up to and including yesterday, Cheque No. 812. Note that $1,143 of this payment relates to the wages expense incurred during the last week of May.
6 Made payment of $725 to State Power for 3 months of electricity up to and including 31 May, Cheque No. 813.

Week 2
8 Purchased 20 pairs of Football Boots from Sports 'R Us for $176 each, terms net 30.
9 Paid the full amount owing to J. J. Spud, Cheque No. 814. Payment fell within discount period.
10 Sold 17 MJO Basketball Sets to The Locker Room for $592 each, Invoice No. 413.
11 Paid sales staff wages of $2,261 for the week up to and including yesterday, Cheque No. 815.
12 Paid the full amount owing to Extreme Sports Inc, Cheque No. 816.
12 Paid the full amount owing to Sport Borders, Cheque No. 817.
12 Great Sports paid the full amount owing on their account. Since Great Sports has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment.
13 Made cash sale of 11 Specialist Tennis Raquets for $496 each.

Week 3
15 Purchased 10 pairs of Football Boots from Sport Borders for $230 each, terms 2/10, n/30.
16 Purchased 15 Specialist Tennis Raquets from Extreme Sports Inc for $304 each, terms net 30.
17 Sold 4 sets of Minor-league Base Balls to Jump Around for $440 each, Invoice No. 414.
18 Paid sales staff wages of $2,144 for the week up to and including yesterday, Cheque No. 818.
19 Balls 'n All paid $1,600 in partial payment of their account.
20 Made cash sale of 50 boxes of Super-Sprung Tennis Balls for a list price of $352 each. A trade discount of 25% applies.
20 The Locker Room returned 8 MJO Basketball Sets that were originally sold for $592 each on 10 June. These items cost $360 each and were not faulty or damaged. Issued a Credit Note for $4,736.
21 Received a purchase order from Balls 'n All. Created a corresponding sales order to deliver 36 sets of Minor-league Base Balls to this customer for $440 each, Invoice No. 416.

Week 4
23 Paid the full amount owing to Sport Borders, Cheque No. 819. This payment relates to the credit purchase that was made in the previous week.
24 Sold 90 pairs of Football Boots to Jump Around for $296 each, Invoice No. 415.
24 Ordered 15 pairs of Football Boots from Hike for $230 each. Agreed terms with Hike are 2/10, n/30.
25 Delivered 36 sets of Minor-league Base Balls to Balls 'n All for $440 each, Invoice No. 416. These items were ordered on the 21st.
25 Paid sales staff wages of $1,981 for the week up to and including yesterday, Cheque No. 820.
26 The Locker Room paid the full amount owing on their account.
27 Made cash sale of 15 MJO Basketball Sets for $592 each.
28 Returned 4 faulty Specialist Tennis Raquets, originally purchased for $304 each, to Extreme Sports Inc. Received a Credit Note for $1,216.

Week 5
29 Received 15 pairs of Football Boots for $230 each, which were ordered on the 24th. Agreed terms with Hike are 2/10, n/30.
29 Mick's Sporting Goods paid the full amount owing on their account.
29 Made cash sale of 23 Specialist Tennis Raquets for $496 each.
30 Purchased 14 boxes of Super-Sprung Tennis Balls with cash for a list price of $192 each. A trade discount of 25% applies, Cheque No. 821.
30 Paid monthly salary of $4,400 to Audrey Ginzburg, Cheque No. 822.
Adjusting entries information
Using the following information, you will record end of month adjustments:
 Cash Registers owned by the business: original purchase price was $7,000, estimated useful life was 5 years, and estimated residual value was $500 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year.
 Store Fixtures owned by the business: original purchase price was $43,000, estimated useful life was 12 years, and estimated residual value was $3,500 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year.
 The water usage for the month of June is estimated to be $111.
 The estimated electricity payable as at the end of June is $266.
 Sales staff work every single day during the week including weekends and are paid on a weekly basis. Wages were last paid up to and including 24 June. Wages incurred after that day (from 25 June to 30 June inclusive) are estimated to have been $320 per day.
