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ManualAccountingPracticeSet
HiFiWay,AustralasianEdition3
Feedback:Schedulesofaccounts
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Nowthatalladjustingentrieshavebeenpostedtothegeneralledger,youareaskedtopreparetheschedule
ofaccountsreceivableandthescheduleofaccountspayableasat30June2014.
Thepurposeofpreparingthescheduleofaccountsreceivableistoverifythatthesumofthecustomer
balancesrecordedintheaccountsreceivablesubsidiaryledgerisequaltothebalanceoftheAccounts
Receivablecontrolaccountinthegeneralledger.Similarly,thepurposeofthescheduleofaccountspayableis
toconfirmthatthesumofthesupplierbalancesrecordedintheaccountspayablesubsidiaryledgerisequalto
thebalanceoftheAccountsPayablecontrolaccountinthegeneralledger.
Instructionsforschedulesofaccounts
Usingthesubsidiaryledgersandthegeneralledger:
CreateascheduleofaccountsreceivableasattheendofJune.
CreateascheduleofaccountspayableasattheendofJune.
Remembertoenterallanswerstothenearestwholedollar.
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(Q=900.schedulesOfAccounts)
HiFiWay
ScheduleofAccountsReceivable
Asat30/06/2014
AccountNo. Name Balance($)
1101 ARCHandysElectronics 0
1102 ARCPikea 3485 DR
1103 ARCJerryTechnology 0
1104 ARCHypertronics 0
1105 ARCTurboTech 900 DR
1106 ARCRadioHut 1400 DR
Total 5785 DR
HiFiWay
ScheduleofAccountsPayable
Asat30/06/2014
AccountNo. Name Terms Balance($)
2101 APCMoonMegasystems 2/10,n/30 0
2102 APCPearTechnology 1/15,n/30 0
2103 APCMegaTech net30 0
2104 APCJCNElectrical 2/10,n/30 880 CR
2105 APCPony net30 0
2106 APCBigTelco net30 0
Total 880 CR
Feedback
HiFiWay
ScheduleofAccountsReceivable
Asat30/06/2014
AccountNo. Name
Balance
($)

1101 ARCHandysElectronics
1102 ARCPikea 3,485DR
1103 ARCJerryTechnology
1104 ARCHypertronics
1105 ARCTurboTech 900DR
1106 ARCRadioHut 1,400DR
Total 5,785DR
HiFiWay
ScheduleofAccountsPayable
Asat30/06/2014
AccountNo. Name Terms
Balance
($)

2101 APCMoonMegasystems 2/10,n/30
2102 APCPearTechnology 1/15,n/30
2103 APCMegaTech net30
2104 APCJCNElectrical 2/10,n/30 880CR
2105 APCPony net30
2106 APCBigTelco net30
Total 880CR
ManualAccountingPracticeSet
HiFiWay,AustralasianEdition3(VBA3p)
2010Perdisco/latin/.v.,learnthoroughly
http://www.perdisco.com
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