II. Directions: Prepare subsidiary ledger of the following accounts of Phantom Trading. ACCOUNTS RECEIVABLE DATE Explanation DEBIT DATE Explanation CREDIT June 02 SAP Trading 75,650 June 07 SAP Trading 50,400 June 03 Phaley Ent. 25,001 June 10 Rokie Ent. 5,265 June 08 Rokie Ent. 7,650 June 11 20,450 Phaley Ent. Fany Mdsg. June 15 5,785 June 20 5,700 June 23 Fany Mdsg. Elco Mdsg. Blue Magic 120,657 June 25 SAP Trading 20,000 June 30 85,006 June 28 Phaley Ent. 3,000 289,951 150,000 Rubrics Category Correctness 1 - 2 Did not compute 5 Computed correctly Well presented 4 One account not included in computation 1 to 2 accounts not presented Not computed correctly Many accounts not included Presentation All accounts not presented