The following transactions relate to the Broderick Company of Atlanta during April of this year. Terms of sale are 2/10, n/30.

Instructions 1. Open the following accounts in the accounts receivable ledger and record the balances as of April 1: C. N. Howell, Inc.; Pittman and Lowe, $426;
Schmidt and Maki, $974; Slocum and Company. For the accounts having balances, write “Balance” in the Item column and place a check mark in the Post. Ref. column.
2. Open the following accounts in the accounts payable ledger and record the balances as of April 1: Kreiger and Company, $262; M. R. Pace, Inc., $116;
Padrow Manufacturing Company; Tiffany Stationery Company; Vinson Company. For the accounts having balances, write “Balance” in the Item col¬
umn and place a check mark in the Post. Ref. column.
3. Record the transactions in the sales, purchases, or general journal, as appropriate.
4. Post the entries to the accounts receivable ledger daily.
5. Post the entries to the accounts payable ledger daily.
6. Post the entries in the general journal immediately after you make each jour¬
nal entry.
7. Post the totals from the special journals at the end of the month.
8. Prepare a schedule of accounts receivable.
9. Prepare a schedule of accounts payable.
10.Compare the totals of the schedules with the balances of the controlling accounts.
Instructions for General Ledger Software 1. Record the transactions in the sales, purchases, or general journals.

a. For efficiency, analyze the transactions, indicate into which journal each transaction goes, and key the entries in three batches—the sales journal, the purchases journal, and the general journal.

b. If the program uses a single-column purchases journal, add the amount of the freight to the amount of purchases.
2. Print the journals.
3. Post the amounts from the sales, purchases, and general journals.
4. Print the general ledger.
5. Print a schedule of accounts receivable and compare the total with the balance of the Accounts Receivable control account.
6. Print a schedule of accounts payable and compare the total with the balance of the Accounts Payable control account.
Problem Set B

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Apr. 2 Sold merchandise on account to Slocum and Company, invoice no. 1126, $942. 4 Bought merchandise on account from Padrow Manufacturing Com- pany, invoice no. 16521, $568; terms 1/10, n/30; dated April 2; FOB Atlanta. 9 Sold merchandise on account to Pittman and Lowe, invoice no. 1127, $1,376. 12 Bought merchandise on account from Vinson Company, invoice no. L8552, $2,363; terms 2/10, n/30; dated April 11; FOB Rome, freight prepaid and added to the invoice, $59 (total $2,422). 15 Received credit memo no. 79 for merchandise returned to Kreiger and Company, for $118. 17 Sold merchandise on account to C. N. Howell, Inc., invoice no. 1128, $959. 19 Issued credit memo no. 34 to Pittman and Lowe for merchandise returned, $86. 26 Bought merchandise on account from M. R. Pace, Inc., invoice no. 7447, $1,697; terms 2/10, n/30; dated April 23; FOB Macon, freight prepaid and added to the invoice, $47 (total $1,744). 29 Bought office supplies on account from Tiffany Stationery Company, invoice no. $336, dated April 29, $134; terms net 30 days.