sit0r2018 Schedules of accounts Manual Accounting Practice Set Specialty Sports Store, US GAAP Edition 3 t Feedback: Schedules of accounts This is a feedback page. Please review this page carefully because later pages in this practice set build on the feedback provided here. After you have reviewed your feedback page, click Continue at the bottom of this page to move on to the next page of your practice set. Your progress Your grading anteopucTiON runeront Tear ‘Awarded Total Poi orer this page) 888 958 TRANSACTIONS: Points (on this page) 9 9 Points (after this page) 122 eee comms younne eras Now niMisie completed: ‘76% (approximately) remaining pages wiltake: upto 45 hours The time frames we provide are a guide only. It may take you more of less time to complete each step, Now that all adjusting entries have been posted to the general ledger, you are asked to prepare the schedule of accounts recelvable and the schedule of accounts payable as at June 30, 2018. ‘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: 41) Create a schedule of accounts receivable as at the end of June. 2) Create a schedule of accounts payable as at the end of June, Remember to enter all answers to the nearest whole dollar. Back-On-Track functionality Please note that any answers from previous pages carried through onto this page (elther on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown, bups:twara pordsco.com Jmsigsavhligsam aspx "3sit012018 & Schedules of accounts 10-4 110-2 110-3 1104 110-5 110-6 Outsport ‘Schedule of Accounts Receivable June 30, 2018 ARC - The Locker Room ARC - Great Sports |ARC - Mick's Sporting Goods ARC - Balls 'n All (900 schedulesofAccounts) oF 4761|DR ¥ 35160|DR ¥ 15706 DR ¥ Total 5627|DR ¥ || 7 Outsport Schedule of Accounts Payable June 30, 2018 Schedule of Acco June 30, 2018 “10-4 4102 110-3 psuhenn prises came unts Receivable ‘ARG - The Locker Room ARC - Croquet and Cricket ‘ARG - Great Sport msqsanvimlgsa 2px 210-1 | APC - Extreme Sports Inc 210-2 2103 25832 CR ¥ 2104 5968 CR ¥| 2106 5928 CR ¥| 210-6 | APC - Addax Sports 3016 (CR ¥ Total 40144 OR ¥ Outsport “4,761 DR 28bups:twara pordsco.con/olme/qsanvhtni/gsa sit0r2018 Schedules of accounts 0 [ARC™ Jump Avoune see oR ioe [ARC Bots 'n A 48,708 OR Tear [ss027oR| outsport Schedule of Accounts Payable June 30, 2018 210-1 210-2 210-3 210-4 210-5 25,832 OR 5,968 CR 5,328 CR 3,016 CR 40,144 CR 2/10, n/30 net 30 APC - Addax Sports net 30 Specatty sports Store, US GAAP Elton 3 (VSU3a) {© 2009" 2014 Percisce / atin. ¥, learn throughly up/fwun.perasco.com ‘Teem OF Wer | Besa Poi | Saturday, March 10, 2018, 20:45 perdisca 2px a8