The background information show below

Just do Q1,3,4&5 (in the last picture )

1. Record the transactions in the appropriate journal, using the information on the form and the general instruction information provided. Post any items affecting the subsidiary ledgers as the transactions occur.

3. Prepare the bank reconciliation for December, using the information provided with the bank statement and the information from Novembers bank reconciliation. Journalize any necessary entries in the General Journal, post to the General Ledger. Bank service charges are considered as a Miscellaneous General Expense.

4. Prepare the Schedule of Accounts Receivable and compare the total to the balance in the General Ledger Accounts Receivable Account.

5. Prepare the Schedule of Accounts Payable and compare the total to the balance in the General ledger Accounts Payable account.

Other information :the transaction forms

Q1

Journals:

Subsidiary Ledgers:

Q3

Bank reconciliation:

General Ledger:

Q4&5

Schedule of Accounts Receivable & Payable

1. Business background - Celebration Experts Inc. and selling All credit sales Celebration Experts Inc. is a company specializing in planning special occasions the serving pieces, paper goods, and linens needed for the related celebrations. have terms of 2/10, n/30. Sales also are conducted on the retail level to the general public. The company uses the perpetual inventory system. The company currently has 1,100 shares of $10 par value issued shares outstanding. There are 10,000 shares authorized at the beginning of the year. 2. Accounting Procedures and Records Christine Butler, the accounting manager is responsible for maintaining all the accounting records. At the end of each day Christine and her colleagues collate information from the day's transactions and records them in the appropriate journals The list of journals and their purpose is described below: Sales journal (S)-used to record all sales of merchandize inventory on account. . Purchases journal (P) used to record all purchases of merchandize inventory on account. Cash receipts journal (CR)-used to record all receipts ofcash. Cash payments journal (CP) - used to record all payments made on the business current account . General journal (G) used to record any other transactions which cannot be recorded in special journals, including adjusting and closing entries. The following ledgers will be maintained: . General ledger separate accounts are maintained for each asset, liability owner's equity, revenue, and expense accounts as in the chart of accounts. Subsidiary ledgers- separate ledgers are maintained for accounts receivable and accounts payable. Celebration Experts Inc. prepares financial statements on an annual basis with the financial year running from LJanuary to 31 December each year. Information from the journals is posted to the general ledger at the end of each month. No closing adjustments will be recorded at the end of each month. It is the company's policy to update individual accounts receivable and accounts payable at the end of each month, thus enabling management to maintain tighter control over business operations. These General Ledger Account at the end of each month and any difference is immediately investigated. All other journal entries (except closing entries) are posted at the end of the subsidiary ledgers are then reconciled against the relevant month. At the year end, Christine uses a worksheet in the adjustment process as well as the preparation of financial statements 1. Business background - Celebration Experts Inc. and selling All credit sales Celebration Experts Inc. is a company specializing in planning special occasions the serving pieces, paper goods, and linens needed for the related celebrations. have terms of 2/10, n/30. Sales also are conducted on the retail level to the general public. The company uses the perpetual inventory system. The company currently has 1,100 shares of $10 par value issued shares outstanding. There are 10,000 shares authorized at the beginning of the year. 2. Accounting Procedures and Records Christine Butler, the accounting manager is responsible for maintaining all the accounting records. At the end of each day Christine and her colleagues collate information from the day's transactions and records them in the appropriate journals The list of journals and their purpose is described below: Sales journal (S)-used to record all sales of merchandize inventory on account. . Purchases journal (P) used to record all purchases of merchandize inventory on account. Cash receipts journal (CR)-used to record all receipts ofcash. Cash payments journal (CP) - used to record all payments made on the business current account . General journal (G) used to record any other transactions which cannot be recorded in special journals, including adjusting and closing entries. The following ledgers will be maintained: . General ledger separate accounts are maintained for each asset, liability owner's equity, revenue, and expense accounts as in the chart of accounts. Subsidiary ledgers- separate ledgers are maintained for accounts receivable and accounts payable. Celebration Experts Inc. prepares financial statements on an annual basis with the financial year running from LJanuary to 31 December each year. Information from the journals is posted to the general ledger at the end of each month. No closing adjustments will be recorded at the end of each month. It is the company's policy to update individual accounts receivable and accounts payable at the end of each month, thus enabling management to maintain tighter control over business operations. These General Ledger Account at the end of each month and any difference is immediately investigated. All other journal entries (except closing entries) are posted at the end of the subsidiary ledgers are then reconciled against the relevant month. At the year end, Christine uses a worksheet in the adjustment process as well as the preparation of financial statements