James Schroeder uses sales, purchases, cash receipts, cash payments and general journals along with subsidiary ledgers for accounts receivable and accounts payable in the accounts of his business. The business has adopted the perpetual inventory system. The post‐closing trial balance as at 31 May 2020 and the subsidiary ledger schedules follow. Ignore GST.

The following transactions took place during June 2020.

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 June 2020.

(d) Prepare the trial balance as at 30 June 2020.

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Post-closing Trial Balance as at 31 May 2020 Cash at bank Accounts receivable control Inventory Equipment Accumulated depreciation equipment Accounts payable control J. Schroeder, Capital Schedule of Accounts Receivable as at 31 May 2020 Slatter Ltd Thorne Ltd B. Walker Schedule of Accounts Payable as at 31 May 2020 Abdul-Ahad Ltd P. Bengasi Cavallaro Ltd Debit Credit $15120 7560 12 600 25 200 $ 2520 10 080 47 880 $60 480 $60 480 $2270 3530 1760 $7 560 $ 2520 3530 4030 $10080