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Use the Schedules of Accounts Receivable and Accounts Payable as at 31 May 20XX to enter the opening balances of customers and suppliers in the
Use the Schedules of Accounts Receivable and Accounts Payable as at 31 May 20XX to enter the opening balances of customers and suppliers in the appropriate subsidiary ledgers. Only record the monetary amount in the balance column of the subsidiary ledger and ensure you choose the appropriate account balance, Dr or Cr, fo
the nature of the account. .
Schedule of Accounts Receivable as at 31 May 20XX Date of Invoice Customer Terms Amount Due Invoice No. Mountain Lake Resort 15/05/20XX 2,160.00 3347 N30 Snow Ski Holidays 3339 3/05/20XX 1,320.00 N30 29/05/20XX Snow Ski Tours 3352 N30 2,280.00 $ 5,760.00 Schedule of Accounts Payable as at 31 May 20XX Invoice Date of Supplier Terms Amount Due Invoice No. 31/05/20XX $960.00 Jordan, Mitchell 1753 N7 Skicentral NZ Wholesalers 13467 30/04/20XX 2,400.00 N30 The South Face N30 8/05/20XX 9412 2,464.00 $ 5,824.00 Use the Schedules of Accounts Recelvable and Accounts Payable as at 31 May 20XX to enter the opening balances of customers and suppliers in the appropriate subsidiary ledgers. Only record the monetary amount in the balance column of the subsidiary ledger and ensure you choose the appropriate account balance, Dr or Cr, for the nature of the account ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Name: MOUNTAIN LAKE RESORT Acct Code: MOUR Post Dr/Cr Credit Balance Date Debit Ref Name: SNOW SKI HOLIDAYS Acct Code: SNOH Post Ref Dr/Cr Credit Balance Date Debit Name: SNOW SKI TOURS Acct Code: SNOT Post Ref Credit Balance Dr/Cr Date Debit ACCOUNTS PAYABLE SUBSIDIARY LEDGER Name: JORDAN, MITCHELL Acct Code: JORM Post Credit Balance Dr/Cr Date Debit Ref Name: SKICENTRAL NZ WHOLESALERS Acct Code: SKIW Post Ref Dr/Cr Credit Balance Date Debit Name: THE SOUTH FACE Acct Code: SOUF Post Debit Credit Balance Date Dr/Cr RefStep by Step Solution
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