Question 2 [30 marks] David's Outdoor Centre is owned and run by David Pty Lad, using the periodic inventory system, and balancing her books at month-end. On 30 April 2019, the balances of the Accounts Receivable Control and Accounts Payable Control accounts were $59 560 and $34 570 respectively. Ignore GST. A summary of her dealings with customers and suppliers for May 2019 follows. Customers Bal. b/d Credit Sales Sales returns Cash received Discount 1/5/19 allowed David & Co $15540 $4900 May) $150 $12620 $260 T. Roger 6300 2800 (11 May) 60 6300 Nguyen Traders 12000 6160 10970 220 Paul Wholesalers 21280 2340 16360 400 Saito Sales 1500 1950 (16 May) 90 1500 - ABC Pty Ltd 2100 4600 1700 Megan wholesalers 840 1680 820 20 Rainsford Ltd 2120 Suppliers Bal bid Credit Purchases Cash paid Discount 1/5/19 purchases received Gana suppliers $19500 $4940 (May) $230 $14000 $280 Pekoe products 2470 Rainsford Lad 13900 7600 (18 May) 280 11460 230 Amy suppliers 1170 1830 1150 20 @ a 7 8 U J K M 190 Vn 09 L P 1 A - PLASC +11 ' C 3 3 . Alt Ctri 7 4 Enter Home PyOn Shift End 42 Anwersa 511115 Show Rainsford Lad 13900 7600 (18 May) 280 11460 234 Amy suppliers 1170 1820 1150 20 Tamang, Shanti Maya The following additional information is available. 1 At Rainsford Ltd.'s request, on 31 May, Kym Overton offset the amount owed by Rainsford I.td against the amount owing to it. 2 David's Outdoor Centre paid Rainsford Lid on 6 May, sold goods to Rainsford ad on 10 May, and purchased goods from Rainsford Lid on 19 May. Question 4 Prepare the Accounts Receivable Control and Accounts Payable Control ledger accounts for the month of May 2019. [10 marks] H- I Axx 2963 7 414 8 ' 61 0 01 m P - + 33 . Backpac J V M K V- L A. $ ? " Pop Alt Ctri Home