The schedule of accounts receivable, schedule of accounts payable and trial balance for Pro Diver are shown below.

Schedule of Accounts Receivable as at 31 May 20XX Customer Invoice No. Terms Date of Invoice Amount Due Coral Holiday Resort 3347 N30 15/05/20XX $ 2,160.00 Beach and Reef Holidays 3339 N30 3/05/20XX 1,320.00 Budget Diving Tours 3352 N30 29/05/20XX 2,280.00 $ 5,760.00

Schedule of Accounts Payable as at 31 May 20XX Supplier Invoice No. Terms Date of Invoice Amount Due Louis Reevsby 1753 N7 31/05/20XX $ 960.00 One Stop Diving Shop 13467 N30 30/04/20XX 2,400.00 Diving DownUnder 9412 N30 8/05/20XX 2,464.00 $ 5,824.00

Pro Diver Trial Balance as at 31 May 20XX Account Number Account Debit Credit 100 Bank Account $ 14,632.20 105 Petty Cash 200.00 110 Accounts Receivable 5,760.00 120 Prepaid Insurance 381.25 130 Prepaid Rates and Taxes 164.75 140 GST Paid (Outlays) 1,905.75 160 Buildings and Improvements (Cost) 350,000.00 161 Accumulated Depreciation Bldgs and Improvements $ 43,750.00 170 Hire Equipment (Cost) 108,000.00 171 Accumulated Depreciation Hire Equipment 67,500.00 180 Motor Vehicles (Cost) 29,900.00 181 Accumulated Depreciation Motor Vehicles 8,970.00 190 Store Equipment (Cost) 14,700.00 191 Accumulated Depreciation Store Equipment 6,615.00 200 Accounts Payable 5,824.00 210 GST Collected 5,745.90 220 PAYG Withholding Payable 1,120.00 230 Superannuation Payable 432.00 280 Bank Loan 220,000.00 310 Capital 151,156.00 315 Drawings 36,000.00 400 Hire Service Income 122,880.00 410 Lesson Income 25,530.00 420 Discounts Received 392.10 430 Freight Collected 85.00 600 Advertising 2,150.00 605 Bank Charges 112.40 610 Cleaning 800.00 615 Depreciation 35,323.00 625 Electricity 3,480.50 630 Freight Expense 962.35 635 Insurance 4,193.75 640 Interest Expense 14,002.80 645 Motor Vehicle Expenses 2,530.00 650 Office Supplies 118.80 655 Printing and Postage 109.10 660 Rates and Taxes 1,812.25 665 Repairs and Maintenance 675.00 670 Diving Instruction Charges 13,710.00 675 Staff Amenities 234.70 680 Superannuation 1,404.00 685 Telephone 1,137.40 690 Wages and Salaries 15,600.00 $ 660,000.00 $ 660,000.00

INSTRUCTIONS: In all parts of this question, enter amounts with a comma for thousands and to two decimal places. For example, enter two thousand as 2,000.00. Enter negative amounts using a hyphen. For example, -2,000.00. If the balance or total returns to zero, enter 0.00 in the required field. If an entry field does not require an answer, leave the field blank. TIPS: To avoid having to scroll up and down the question: if printing is enabled, print out the parts (as required) if printing is not enabled, copy and paste the required parts into a Word document and divide your screen between the question and the copied content. Save regularly using the 'Save for later' button at the end of each part. For assistance regarding account names, click the 'Show list of accounts' button to view all of the accounts used in this question. Predictive text can be used to assist entering the account titles when recording and posting information in the journals and ledger accounts, simply type in the first few letters to use the predictive text option. Excel templates/working documents have been designed to provide assistance if there is a preference to work offline and later enter the completed information online to submit for assessment.

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Click here to access specific templates/working documents designed to assist in answering the question if you prefer to work offline. Please note the assessment will still need to be completed online to be submitted for grading.

Use the Trial Balance as at 31 May 20XX to enter the opening balances in the general ledger accounts. Note, use "Balance" as the cross reference when posting the balances to the general ledger accounts.