James Stewart owns a general store in a country town. He keeps two subsidiary ledgers (an accounts receivable ledger and an accounts payable ledger) and a general ledger.

Balances in the subsidiary ledgers as at 31 March 2016 were as follows:

1. Post from the journals to the accounts receivable and accounts payable control accounts in the general ledger, and to the accounts receivable and accounts payable ledgers.
2. Prepare supporting schedules of accounts receivable and accounts payable at 30 April 2016, and agree with the balances in the control accounts.

Transcribed Image Text:

Date Brown Green White Accounts receivable 900 Blue 700 Red 460 2060 Transactions for the month April 2016 Sales journal Particulars $ Accounts payable 580 1500 2080 Purchase journal Date Particulars 2016 April 2 White 1240 April 7 Red 2000 362 13 Brown 2400 16 Blue 1120 16 Sage 1160 20 20 Ruby 1700 22 22 Sage 200 Grey 750 6500 4070