Tymonns Traders Ltd uses sales and purchases journals in its accounting system. The following transactions occurred during April 2016.

April

5 8 10 16 19 26 29

Purchased merchandise on account from Smythe Ltd, invoice 354, $1500, terms 2/10, n/30. Purchased merchandise on account from Ellis Ltd, invoice 376, $780, terms 2/10, n/30. Sold merchandise on account to B. Morran, invoice 345, $2280. Sold merchandise on account to Bryde Ltd, invoice 346, $2640. Purchased merchandise on account from R. Rober, invoice 828, $630, terms 2/10, n/30. Sold merchandise on account to G. Green, invoice 347, $1840. Sold merchandise on account to Bryde Ltd, invoice 348, $1200.

Required

A. Complete the requirements below, assuming that the business is not registered for the GST.

1. Establish all necessary general ledger accounts, accounts receivable subsidiary ledger accounts, and accounts payable subsidiary ledger accounts. Use the following account numbers: Accounts Receivable, 1200; Accounts Payable, 2200; Sales, 4100; Purchases 5100.

2. Enter the transactions for April in the appropriate special journals.

3. Post the data from the journals to the general ledger and subsidiary  accounts.

4. Prepare a schedule of the accounts receivable subsidiary ledger and the accounts payable subsidiary ledger as at 30 April to prove that their totals are equal to the balances of the control accounts.

B. Complete the requirements 1–4 in part A, assuming that the business is registered for the GST. Add the accounts 1300 GST Receivable and 2300 GST Payable to the accounts list.