Enter the information below from the chart of accounts and schedule as an Opening Entry into General Journal and post the relevant information to the General Ledger Accounts provided in excel file.

Wear-With-All Chart of Accounts as at 1 June 2016

603 Petty Cash Imprest 300.00 605 Bank 4,920.62 607 Accounts Receivable Control 14,355.00 609 Allowance for Bad and Doubtful Debts 287.10 611 Inventory on Hand 12.408.00 613 Stationery on Hand 130.00 615 Prepaid Expenses 2,690.00 619 Sales Revenue not yet Received 96.00 653 Premises 360,000.00 655 Accumulated Depreciation - Premises 73,500.00 657 Salesmans Vehicle 38,000.00 659 Acc. Depreciation Salesmans Vehicle 15,957.00 661 Office Furniture 1,400.00 663 Accumulated Depreciation Office Furniture 60.00 703 Accounts Payable Control 8,349.00 707 Sundry Creditor Delta Furniture 1,386.00 709 Accrued Advertising Expense 511.50 711 Telephone Expense Payable 850.00 713 ATO Clearing Account 2,950.00 753 State Bank Mortgage Loan (7-year) 50,000.00 503 Capital Gary Williams 280,449.02

Additional Notes

Schedule of Accounts Receivable as at 1 June 2016 Acc. No. 60701 Mosbius Design - 60703 Air Cutz Hairdressing 495 60705 Gully Gear - 60707 Lending & Save CU 8,228 60709 The OK Guys 4,752 60711 Ziggys Place 880 14,355 Schedule of Accounts Payable as at 1 June 2016 70301 Action Limited - 70303 Seal Limited 3,168 70305 Von Matterhorn Industries 275 70307 Safety First 1,463 70309 Suit Up Limited 3,443 8,349

You will need to enter this information into the appropriate subsidiary ledger accounts