Cottle Ltd uses a sales journal, a cash receipts journal, a general journal and an accounts receivable subsidiary ledger within a periodic inventory system. The terms of all credit sales are 2/10, n/30. Where necessary, round amounts to the nearest dollar.

The accounts receivable subsidiary ledger balances on 31 May 2025 were as follows.

Required

(a) Record the June transactions in the appropriate journals. Make all postings to the appropriate general ledger accounts and to the accounts receivable subsidiary ledgers.

(b) Reconcile the subsidiary ledger with the Accounts Receivable Control account in the general ledger.

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H. Dossett $ B. Filiatos 12 930 T. Lauder 2 440 M. Pavia 10 770 Q. Wu 10 340 L. Schrama 6 460 $ 42 940 The trial balance as at 1 June included, among others, the following accounts. Account no. Account title 1-1100 Cash at bank 1-1150 1-1200 Marketable securities Accounts receivable control 1-1300 Bills receivable 2-2200 Bills payable 4-4100 Sales 4-4150 Sales returns and allowances 4-4200 Dividend revenue 4-4300 Interest revenue 4-4400 5-5200 Gain on sale of marketable securities Discount allowed Account balance $ 58 300 99 020 42 940 7 800 672 430 8 350 3 260 2 940 910 6 270