Salmon Swim Centre uses a sales journal, purchases journal, cash receipts journal, cash payments journal and a general journal. The business also maintains subsidiary ledgers for accounts receivable and accounts payable, in addition to the related control accounts (ignore GST). The relevant account balances as of 31 December 2019 were as follows.

The accounts receivable and accounts payable subsidiary ledger balances were as follows.

The following transactions occurred during the first quarter of 2020.

Required

(a) Enter the first quarter’s transactions in the appropriate journals.

(b) Open the necessary general ledger accounts, the accounts receivable subsidiary ledger accounts, and the accounts payable subsidiary ledger accounts.

(c) Post the data from the journals to the appropriate general ledger and subsidiary ledger accounts.

(d) Prepare a schedule of accounts receivable and accounts payable as at 31 March 2020, to confirm the balances in the control accounts.

(e) Prepare a trial balance as at 31 March 2020.

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Account balance Account no. 100 120 Account title Cash at Bank Accounts Receivable Inventory Equipment Accounts Payable Bank Loan S. Salmon, Capital 140 200 300 330 400 500 510 520 600 Purchases 610 Discount Allowed Sales Sales Returns and Allowances Discount Received Debit $ 10800 13200 19000 250 000 Credit $ 11000 120 000 162 000 $293 000 $293 000