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Manual Accounting Practice Set
Coffee & Caf Supplier, US GAAP Edition 3
Feedback: Schedules of accounts
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Now that all adjusting entries have been posted to the general ledger, you are asked to prepare the schedule of
accounts receivable and the schedule of accounts payable as at June 30, 2012.
The purpose of preparing the schedule of accounts receivable is to verify that the sum of the customer balances
recorded in the accounts receivable subsidiary ledger is equal to the balance of the Accounts Receivable control
account in the general ledger. Similarly, the purpose of the schedule of accounts payable is to confirm that the sum
of the supplier balances recorded in the accounts payable subsidiary ledger is equal to the balance of the Accounts
Payable control account in the general ledger.
Instructions for schedules of accounts
Using the subsidiary ledgers and the general ledger:
Create a schedule of accounts receivable as at the end of June.
Create a schedule of accounts payable as at the end of June.
Remember to enter all answers to the nearest whole dollar.
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(Q=900.schedulesOfAccounts)
Bean Counters Coffeehouse
Schedule of Accounts Receivable
June 30, 2012
Account No. Name Balance ($)
110-1 ARC - Quick Bolt Coffee 0 DR
110-2 ARC - Revamp Coffee Carts 2512 DR
110-3 ARC - Jandesh's Hot Spot 0 DR
110-4 ARC - KavaJava 0 DR
110-5 ARC - Central Coffee 2464 DR
110-6 ARC - Con's Coffee 731 DR
Total 5707 DR
Bean Counters Coffeehouse
Schedule of Accounts Payable
June 30, 2012
Account No. Name Terms Balance ($)
210-1 APC - Croup Coffee 2/10, n/30 0 CR
210-2 APC - Klam Wholesalers 1/15, n/30 0 CR
210-3 APC - Dominga Wholesalers net 30 0 CR
210-4 APC - East Tangiers Co-op. 2/10, n/30 1260 CR
210-5 APC - Abejundio Coffee net 30 0 CR
210-6 APC - Buena Vista Coffee net 30 0 CR
Total 1260 CR
1)
2)
Feedback
Bean Counters Coffeehouse
Schedule of Accounts Receivable
June 30, 2012
Account No. Name
Balance
($)

110-1 ARC - Quick Bolt Coffee
110-2 ARC - Revamp Coffee Carts 2,512 DR
110-3 ARC - Jandesh's Hot Spot
110-4 ARC - KavaJava
110-5 ARC - Central Coffee 2,464 DR
110-6 ARC - Con's Coffee 731 DR
Total 5,707 DR

Bean Counters Coffeehouse
Schedule of Accounts Payable
June 30, 2012
Account No. Name Terms
Balance
($)

210-1 APC - Croup Coffee 2/10, n/30
210-2 APC - Klam Wholesalers 1/15, n/30
210-3 APC - Dominga Wholesalers net 30
210-4 APC - East Tangiers Co-op. 2/10, n/30 1,260 CR
210-5 APC - Abejundio Coffee net 30
210-6 APC - Buena Vista Coffee net 30
Total 1,260 CR
Manual Accounting Practice Set
Coffee & Caf Supplier, US GAAP Edition 3 (VCU3m)
2010 Perdisco / latin /. v., learn thoroughly
http://www.perdisco.com
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