As the new accountant for Abby’s Toy House in Halifax, your task is to:
a. Journalize the transactions for the month of March.
b. Record in subsidiary ledgers and post to the general ledger as appropriate.
c. Total, rule, and cross-foot the journals.
d. Prepare a schedule of accounts receivable and a schedule of accounts payable as of March 31, 2013.
Please substitute HST at 13% for GST at 5% if your instructor so directs.
(Use the same chart of accounts as in Problem 10A-5. Your Study Guide with Working Papers has all the forms you need to complete this problem.)