Reference no: EM132556096
Question - Paid sales staff wages of $5,412 for the two weeks up to and including yesterday, Cheque No. 607.
Central Candy paid $900 in partial payment of their account.
Made cash sales of $9,019 during the week.
Sold 7 boxes of Scorched Almonds to Candy Rush for $180 each, Invoice No. 503.
Mercury Square paid the full amount owing on their account.
Received a purchase order from Central Candy. Created a corresponding sales order to deliver 8 boxes of Chocolate Nibbles to this customer for $160 each, Invoice No. 504.
Returned $2,019 worth of faulty product to East Tangiers Cooperative. Received a Credit Note for $2,019.
Required - What are the journal entries and ledger accounts of the above?
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