The schedule of accounts receivable, schedule of accounts payable and trial balance for WaveRider are shown below. Schedule of Accounts Receivable as at 31 May 20XX Customer Invoice No. Terms Date of Invoice Amount Due Coastal Beach Resort 3347 N30 15/05/20XX $ 2,160.00 Sand and Surf Holidays 3339 N30 3/05/20XX 1,320.00 Backpacker Surfing 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 Max Holman 1753 N7 31/05/20XX $ 960.00 Surf's Up Wholesalers 13467 N30 30/04/20XX 2,400.00 Surf Apparel 9412 N30 8/05/20XX 2,464.00 $5,824.00 Wave Rider 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 Freight Collected 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 Surf 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 part (a) 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. GENERAL LEDGER Name: BANK ACCOUNT Acct No.: 100 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: PETTY CASH Acct No.: 105 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: ACCOUNTS RECEIVABLE Acct No.: 110 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: PREPAID INSURANCE Acct No.: 120 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: PREPAID RATES AND TAXES Acct No.: 130 Date Explanation Post Ref Debit Debit Date Explanation Post Ref Credit Name: GST PAID (OUTLAYS) Acct No.: 140 Date Explanation Post Ref Debit Date Explanation Post Ref Credit 7 Name: BUILDINGS AND IMPROVEMENTS (COST) Acct No.: 160 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: ACCUMULATED DEPRECIATION - BLDGS AND IMPROVEMENTS Acct No.: 161 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: HIRE EQUIPMENT (COST) Acct No.: 170 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: ACCUMULATED DEPRECIATION - HIRE EQUIPMENT Acct No.: 171 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: MOTOR VEHICLES (COST) Acct No.: 180 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: ACCUMULATED DEPRECIATION - MOTOR VEHICLES Acct No.: 181 Date Explanation Post Ref Debit Date Explanation Post Ref Credit 1 V 7 Name: STORE EQUIPMENT (COST) Acct No.: 190 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: ACCUMULATED DEPRECIATION - STORE EQUIPMENT Acct No.: 191 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: ACCOUNTS PAYABLE Acct No.: 200 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: GST COLLECTED Acct No.: 210 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: PAYG WITHHOLDING PAYABLE Acct No.: 220 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: SUPERANNUATION PAYABLE Acct No.: 230 Date Explanation Post Ref Debit Date Explanation Post Ref Credit 7 7 Name: BANK LOAN Acct No.: 280 Date Explanation Post Ref Debit Date Explanation Post Ref Credit v V Name: CAPITAL Acct No.: 310 Date Explanation Post Ref Debit Date Explanation Post Ref Credit 7 Name: DRAWINGS Acct No.: 315 Post Date Explanation Post Ref Debit Date Explanation Credit Ref V Name: HIRE SERVICE INCOME Acct No.: 400 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: LESSON INCOME Acct No.: 410 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: DISCOUNTS RECEIVED Acct No.: 420 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: FREIGHT COLLECTED Acct No.: 430 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: ADVERTISING Acct No.: 600 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: BANK CHARGES Acct No.: 605 Post Date Explanation Post Ref Debit Date Explanation Credit Ref Name: CLEANING Acct No.: 610 Post Date Explanation Debit Date Post Ref Explanation Ref Credit Name: DEPRECIATION Acct No.: 615 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: ELECTRICITY Acct No.: 625 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: FREIGHT EXPENSE Acct No.: 630 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: INSURANCE Acct No.: 635 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: INTEREST EXPENSE Acct No.: 640 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: MOTOR VEHICLE EXPENSES Acct No.: 645 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: OFFICE SUPPLIES Acct No.: 650 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V V Name: PRINTING AND POSTAGE Acct No.: 655 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: RATES AND TAXES Acct No.: 660 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: REPAIRS AND MAINTENANCE Acct No.: 665 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: DIVING INSTRUCTION CHARGES Acct No.: 670 Date Explanation Post Ref Debit Date Explanation Post Ref Credit V Name: STAFF AMENITIES Acct No.: 675 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: SUPERANNUATION Acct No.: 680 Date Explanation Post Ref Debit Date Explanation Post Ref Credit Name: TELEPHONE Acct No.: 685 Date Explanation Post Ref Debit Date Explanation Post Ref Credit 7 Name: WAGES AND SALARIES Acct No.: 690 Date Explanation Post Ref Debit Date Explanation Post Ref Credit