For the accounts of her business Rebecca Goumas uses sales, purchases, cash receipts, cash payments and general journals along with subsidiary ledgers for accounts receivable and accounts payable. The business use the perpetual inventory system. The post‐closing trial balance as at 31 March 2026 and the subsidiary ledger schedules follow. Ignore GST.

Required

(a) Enter the transactions in the appropriate journals.

(b) Make all necessary postings for the month to both the general and subsidiary ledgers.

(c) Prepare schedules of accounts receivable and accounts payable as at 30 April 2026.

(d) Prepare the trial balance as at 30 April 2026.

Transcribed Image Text:

Post-closing trial balance as at 31 March 2026 Cash at bank Accounts receivable control Inventory Equipment Debit Credit $68 980 34 490 57 480 114 960 $11 500 45 980 218 430 $ 275 910 $ 275 910 Accumulated depreciation equipment Accounts payable control R. Goumas, capital Schedule of accounts receivable as at 31 May 2023 Golder Ltd Edgerton Ltd C. Faraonio Schedule of accounts payable as at 31 May 2023 PhamLtd P. Younan Zaveri Ltd $10 360 16 100 8 030 $ 34 490 $11 500 16 100 18 380 $ 45 980