Below is the remittance advice sent to Edge Studios on 31 March 2021 and the account of Edge Studios in the creditors ledger of Bosworth Smith Productions, together with an account statement received from Edge Studios (the statement was received in the post on 10 May 2021, which is the day the reconciling entries are to be made). Both businesses are registered VAT vendors. Bosworth Smith Productions Reconciliation statement (remittance advise) for Edge Studios on 31 March 2021 Creditors ledger of Bosworth Smith Productions Edoe Studics (C8) Additional information: - Credit note CRN14 was correctly recorded on the statement received from Edge Studios dated 31 March 2021. - Edge Studios is correct with respect to invoice INV273 and invoice INV357. - Bosworth Smith Productions is correct with respect to credit note CRN44. - Credit note CRN29 has not been taken into account by Edge Studios. - Invoice INV329 was incorrectly recorded by both Bosworth Smith Productions and Edge Studios. The purchase was subject to an advertised trade discount of 14%, but only 12% was recorded on the invoice. - The settlement discount on cheque CHQ411 is in accordance with the terms and conditions as laid out by Edge Studios and thus should have been allowed. - Bosworth Smith Productions uses the following codes in their creditors ledger: - Code no. 01: Credit purchases according to original credit invoices. - Code no. 02: Increases in a previously received credit invoice by means of an original debit note. - Code no. 03: Returns/rebates according to original credit notes. - Code no. 04: Cash payments to creditors (cheque counterfoils). - Code no. 05: Electronic funds transfers. - Code no. 06: Interest charged by creditors on our overdue account. - Code no. 07: Discount received on prompt settlements. - Code no. 08: Correction of errors. Note: Bosworth Smith Productions uses a perpetual inventory system. Start the general journal by issuing journal voucher number JV507. Required: Complete the following in the books of Bosworth Smith Productions on 10 May 2021: 5.1. General journal. 5.2. Edge Studios' individual account in the creditors ledger starting with the balance before reconciliation. 5.3. The creditors reconciliation statement (remittance advice) dated 10 May 2021. Below is the remittance advice sent to Edge Studios on 31 March 2021 and the account of Edge Studios in the creditors ledger of Bosworth Smith Productions, together with an account statement received from Edge Studios (the statement was received in the post on 10 May 2021, which is the day the reconciling entries are to be made). Both businesses are registered VAT vendors. Bosworth Smith Productions Reconciliation statement (remittance advise) for Edge Studios on 31 March 2021 Creditors ledger of Bosworth Smith Productions Edoe Studics (C8) Additional information: - Credit note CRN14 was correctly recorded on the statement received from Edge Studios dated 31 March 2021. - Edge Studios is correct with respect to invoice INV273 and invoice INV357. - Bosworth Smith Productions is correct with respect to credit note CRN44. - Credit note CRN29 has not been taken into account by Edge Studios. - Invoice INV329 was incorrectly recorded by both Bosworth Smith Productions and Edge Studios. The purchase was subject to an advertised trade discount of 14%, but only 12% was recorded on the invoice. - The settlement discount on cheque CHQ411 is in accordance with the terms and conditions as laid out by Edge Studios and thus should have been allowed. - Bosworth Smith Productions uses the following codes in their creditors ledger: - Code no. 01: Credit purchases according to original credit invoices. - Code no. 02: Increases in a previously received credit invoice by means of an original debit note. - Code no. 03: Returns/rebates according to original credit notes. - Code no. 04: Cash payments to creditors (cheque counterfoils). - Code no. 05: Electronic funds transfers. - Code no. 06: Interest charged by creditors on our overdue account. - Code no. 07: Discount received on prompt settlements. - Code no. 08: Correction of errors. Note: Bosworth Smith Productions uses a perpetual inventory system. Start the general journal by issuing journal voucher number JV507. Required: Complete the following in the books of Bosworth Smith Productions on 10 May 2021: 5.1. General journal. 5.2. Edge Studios' individual account in the creditors ledger starting with the balance before reconciliation. 5.3. The creditors reconciliation statement (remittance advice) dated 10 May 2021