Question: Part 1: [35 Marks ] Required: Using the source documents mentioned in the company details and in nancial information 1, prepare the following for Bob
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Part 1: [35 Marks ] Required: Using the source documents mentioned in the company details and in nancial information 1, prepare the following for Bob Hair Salon [use the tern plates provided in answer section, detailed marks distribution in the answer templates ): a] Sales Distribution Journal b) Cash Receipts Journal c] Accounts Receivable subsidiary ledgers d) Accounts Receivable Control Account in the general ledger e] Listing Ischedule of accounts receivable f] Aged analysis of accounts receivable and 9] Debt collection policy Part 2: [15 Marks ] You are required to use financial information 3 for the following: You, being the accounts Clark of Bob Hair Salon, have been asked to reconcile as at airiorxx, the supplier's statement issued by Suzy's Supermodels as at 31l10IXX with the business records of Bob Hair Salon .(use the template provided in the answer section ) Also show the value of the cheque to be drawn in favour of Suzy's Supermodels (use the space provided in the answer section } Part 3: [30 Marks ] You are required to use financial information 3 for the following [use the templates provided in the answer section ]: a. Record the opening balances in appropriate ledgers b. Post the transactions for October to: i) Accounts Receivable Control Account and Accounts Payable Control Account as they would appear in General Ledger. ii) Individual accounts receivable and accounts payable subsidiary ledgers c. Extract a list of balances from the accounts receivable and accounts payable subsidiary ledgers
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