Ollie’s Outdoor Centre is owned and run by Oliver Baker, using the periodic inventory system and balancing her books at month-end. At 30 April 2025, the balances of the Accounts Receivable Control and Accounts Payable Control accounts were \($59\) 560 and \($34\) 570 respectively. Ignore GST.

A summary of her dealings with customers and suppliers for May 2025 follows.

The following additional information is available.
1. At Rainsford Ltd’s request, on 31 May, Oliver Baker offset the amount owed by Rainsford Ltd against the amount owing to it.
2. Ollie’s Outdoor Centre paid Rainsford Ltd on 6 May, sold goods to Rainsford Ltd on 10 May, and purchased goods from Rainsford Ltd on 19 May.

Required

(a) Prepare the Accounts Receivable Control and Accounts Payable Control ledger accounts for the month of May 2025.

(b) Prepare Rainsford Ltd’s accounts payable subsidiary ledger account for the month of May 2025 in the accounting records of Ollie’s Outdoor Centre.

(c) Prepare schedules of accounts receivable and accounts payable as at 31 May 2025.

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Customers Bal. b/d 1/5/22 Credit sales Sales returns (unpaid goods) Cash received Discount allowed Moses & Co. $15 540 $4 900 (9 May) $150 $12 620 $260 T. Nitshke 6300 2800 (11 May) 60 6300 Nguyen Traders 12 000 6160 10 970 220 Sampson Sales 21 280 2240 16 360 400 Warner Wholesalers 1500 1950 (16 May) 90 1500 Saito Sales 2 100 4600 - 1700 Pfitzner Pty Ltd 840 1680 820 20 Rainsford Ltd 2120 Suppliers Bal. b/d 1/5/22 Credit purchases Purchases returns (unpaid goods) Cash paid Discount received $4 940 2470 (8 May) $230 $14 000 $280 Aster Suppliers Pekoe Products Rainsford Ltd $19 500 R. Katspaw 13 900 7 600 (18 May) 280 11 460 230 1170 1820 1150 20