The post‐closing trial balance of Raschella Ltd as at 1 November 2019 contained the following normal balances.

Subsidiary ledger balances at 31 October 2019 were as follows.

Transactions for the month of November 2019 were as follows.

Required

(a) Record the November transactions (round amounts to the nearest dollar) in appropriate special journals and the general journal.

(b) Open running balance accounts in the subsidiary ledgers and their control accounts in the general ledger, and enter the opening details of these accounts.

(c) Post relevant data from the journals to the appropriate running balance subsidiary ledger accounts.

(d) Prepare schedules of accounts receivable and accounts payable as at 30 November 2019, and reconcile to the appropriate subsidiary ledger control accounts in the general ledger.

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Account no. Account title Cash at Bank Accumulated Depreciation - Delivery Vehicle Office Equipment Accumulated Depreciation Office Equipment Accounts Payable 1100 1120 Accounts Receivable 1130 Bills Receivable 1140 Inventory 1150 Prepaid Insurance 1210 Delivery Vehicle 1215 1220 1225 2110 2120 Bills Payable 3110 Share Capital 3120 Retained Earnings 4110 Sales 4115 Sales Returns and Allowances 4120 5110 5115 5120 5130 Discount Received Purchases Purchases Returns and Allowances Discount Allowed Rent Expense 5140 Electricity Expense 5150 Salaries Expense Account balance $60 000 7270 750 80 000 40 000 4000 24 000 4000 5780 192 000 6240