ACC201 Schedules of Accounts - Technology Boutique, Semester 3

This assignment provides a solution to a manual accounting practice set focused on preparing schedules of accounts receivable and payable for Intermaweb Computer, a Technology Boutique. The schedules are created as of June 30, 2018, using subsidiary and general ledgers. The purpose of these schedules is to verify that the sum of customer balances in the accounts receivable subsidiary ledger matches the Accounts Receivable control account in the general ledger, and similarly for accounts payable. The solution includes the schedules with account numbers, names, terms, and balances for both accounts receivable and accounts payable, ensuring accuracy to the nearest whole dollar. This practice set is part of the ACC201 Financial Accounting course and is designed to provide practical experience in completing a one-month accounting cycle.

10/02/2018 Schedules of accounts
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Manual Accounting Practice Set
Technology Boutique, Australasian 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 30 June 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:
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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10/02/2018 Schedules of accounts
https://www.perdisco.com/elms/qsam/html/qsam.aspx 2/3
(Q=900.schedulesOfAccounts)
Intermaweb Computer
Schedule of Accounts Receivable
As at 30/06/2018
Account No. Name Balance ($)
110-1 ARC - Radio Hut 0
110-2 ARC - Turbo Tech 7621 DR
110-3 ARC - Hypertronics 0
110-4 ARC - Pikea 0
110-5 ARC - Handys Electronics 97559 DR
110-6 ARC - Jerry Technology 59488 DR
Total 164668 DR
Intermaweb Computer
Schedule of Accounts Payable
As at 30/06/2018
Account No. Name Terms Balance ($)
210-1 APC - Big Telco 2/10, n/30 0
210-2 APC - Pear Technology 1/15, n/30 0
210-3 APC - Moon Megasystems net 30 0
210-4 APC - Mega Tech 2/10, n/30 17094 CR
210-5 APC - Pony net 30 0
210-6 APC - JCN Electrical net 30 0
Total 17094 CR
Feedback
Intermaweb Computer
Schedule of Accounts Receivable
As at 30/06/2018
Account No. Name Balance ($)
110-1 ARC - Radio Hut
110-2 ARC - Turbo Tech 7,621 DR
110-3 ARC - Hypertronics

10/02/2018 Schedules of accounts
https://www.perdisco.com/elms/qsam/html/qsam.aspx 3/3
110-4 ARC - Pikea
110-5 ARC - Handys Electronics 97,559 DR
110-6 ARC - Jerry Technology 59,488 DR
Total 164,668 DR
Intermaweb Computer
Schedule of Accounts Payable
As at 30/06/2018
Account No. Name Terms Balance
($)
210-1 APC - Big Telco 2/10, n/30
210-2 APC - Pear Technology 1/15, n/30
210-3 APC - Moon Megasystems net 30
210-4 APC - Mega Tech 2/10, n/30 17,094 CR
210-5 APC - Pony net 30
210-6 APC - JCN Electrical net 30
Total 17,094 CR
Manual Accounting Practice Set
Technology Boutique, Australasian Edition 3 (VTA3q)
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