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CASH RECEIPTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labe instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to e these transactions into the Account column so that the type of transaction can be determined by the name Debit Credit Date Account Post Ref. Cash at Discount Bank Allowed Sales Accounts Other Revenue Receivable Accounts Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) Jun (select) CASH PAYMENTS JOURNAL Note: In order to receive full points, for each transaction you must select an account under the column labell. instructions above. Since all transactions in this journal affect the Cash at Bank account, you are asked to ent these transactions into the Account column so that the type of transaction can be determined by the name of Debit Credit Date Account Cheque No. Post Ref. Accounts Payable Purchases Other Accounts Cash at Discount Bank Received Jun (select) Jun |(select) Jun (select) Jun (select) Jun (select) Jun (select)
w Week 1 Date Transaction description 1 Obtained a loan of $48,000 from BitiBank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2022 and the principal of the loan is to be repaid on 1 June 2026. 3 Paid the full amount owing to Mega Tech, Cheque No. 603. Payment fell within discount period. 3 Sold 4 BG90 Plasma Televisions to Handys Electronics for $580 each, Invoice No. 201. 3 Made cash sales of $4,328 during the first 3 days of the month. 3 Purchased 6 MePod Multimedia Players with cash for $90 each, Cheque No. 604. 4 Purchased 7 Zii Game Consoles from Pear Technology for $120 each, terms 2/10, n/30. 6 Purchased 5 Mieca Camera Lenses from Moon Megasystems for $290 each, terms net 30. 6 Paid the full amount owing to Big Telco, Cheque No. 605. Payment fell within discount period. After comnleting this nractica