You are an accounts receivable / Payable clerk of G accounting PTY LTD. G accounting purchased an existing business called Perfect PTY LTD on 1 oct 2018. The accounts recivable and payable balances at that time were:

Details

accounts receivable control $20,000

account accounts receivable $20,000

Top supplies $9,000

Middle Inc $6,000

Medium $5,000

accounts payable control $15,000

account accounts payable $15,000

Fame supplies $5,000

Fine wholesale $4,000

Prompt services $6,000

the following journals for perfect PTY contain the transactions for October 2018

sales distribution Journal SDJ1

Date Inv / CN # Particulates Accounts Receivable Sales GST collected / payable

10/10/2018 25 Middle inc 3,300 3,000 300

13/10/2018 26 Tops supplies 1,980 1,800 180

16/10/2018 27 Medium Ltd 2,200 2,000 200

17/10/2018 CN5 Top Supplies (175) (160) (16)

21/10/2018 28 Top Supplies 1,540 1,400 140

24/10/2018 CN6 Middle Inc (220) (200) (20)

8,624 (DR) 7,840(CR) 784 (CR)

Purchase Distribution Journal PDJ1

Date Ivn / CN # Particulates Accounts payable Inventory GST Paid / Receivable

2/10/2018 311 Fame supplies 2,200 2,000 200

4/10/2018 700 Fine wholesale 1,100 1,000 100

6/10/2018 CN352 Fine wholesale (110) (100) (10)

16/10/2018 250 Prompt services 1,760 1,600 160

18/10/2018 CN211 Fame services (220) (200) (20)

25/10/2018 667 Prompt services 1,320 1,200 120

6,050 (CR) 5,500 (DR) 550 (DR)

Cash payments Journal CPJ1

Date Chq # Particulars Bank Accounts payable Discount Received Inventory wages Electricity GST paid / rec

3/10/2018 910 Wages 2,400 2,400

5/10/2018 911 Fame supplies 1,868 2,000 (120) (12)

11/10/2018 912 Electricity 550 500 50

13/10/2018 913 Purchases 1,100 1,000 100

21/10/2018 914 Prompt services 3,000 3,000

8,918 5,000 (120) 1,000 2,400 500 138

Cash Receipts Journal CRJ1

Date Chq Particulars Bank accounts receivable Discounts allowed sales GST collected / payable

2/10/2018 109 Sales 4,400 4,000 400

4/10/2018 110 Top supplies 3,780 4,000 (200) (20)

8/10/2018 111 Sales 1,320 1,200 120

12/10/2018 112 Sales 1,760 1,600 160

21/10/2018 113 Medium Ltd 986 1,000 (40) (4)

12,216 5,000 (240) 6,800 656

a)reviewing debtor and creditor ledger according to organisational policies and guidelines to identify outstanding monies and payments is one the responsibilities of accounts receivable / payable clerk

record the individual accounts receivable and accounts payable subsidiary ledgersto identify and make records of entries according to types and source of receipt

b)an accounts receivable payable clerk responsibility is to identify clients in default of trading terms according to organisational credit polices and operating procedures. it is also important to identify the suppliers outstanding money to pay on time

extract a list of balances from the accounts receivable and accountspayable subsidiary ledgers to identity outstanding payable and receivables.

c)as an accounts receivable / payable clerk it is important

to ensure that the entries were entered into manual accounts receivable and accounts payable systems with accuracy consistency and completeness and the

receipt and payment were entered into accounts recivable system according to establish procedures

the debtor and creditor ledgers wer prepared according to organisational ploices and guidelines to identify outstanding monies and seek further information where required

Prepare account receivable control account and accounts payable control account to reflect these statements

d)G accounting is now required to prepare creditor payment in line with organisational requirements to do so G accounting is required to request authorisation for payment from designated personal and then draw up and ensure authorisation of cheque requisition

What amount of cheque G accounting is required to draw and sign to make payment to fame supplies if G accounting pays fame supplies in full on 31/10/2018

e)G accounting is required to check receipts entered into manual accounts recivable system for accuracy consistency and completeness

Prepare journal to record receipt of all outstanding amounts from middle INC on 31/10/2018

f) G accounting is required to prepare creditor payment in line with organisation requirements and made arrangements to pay all the outstanding amounts to prompt services on 31/10/2018

Prepare the journal to record payment