Required:

1. Balance or reconcile the accounts receivable subsidiary ledger and accounts receivable in the general ledger. Do the same for the accounts payabel subsidiary ledger and accounts payable in the general ledger.

General Journal PAGE 6
DATE		ACCOUNT TITLES AND EXPLANATIONS	POST. REF.	DEBIT	CREDIT

(balancing the ledgers)

General Ledger

Accounts Receivable Debit Balance

McMillan Distributors:

Schedule of Accounts Receivable

July 31

Balance

General Ledger

Accounts Payable Credit Balance: $23628.94

McMillan Distributors:

Schedule of Accounts Payable

July 31

Balance

Accounts Receivable Subsidiary Ledger

ACCOUNT BELL LTD.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	9	Bell Ltd	6	33300		33300
July	19	Bell Ltd	13	32967		32967
July	19	Bell Ltd Discount	13		333	333
July	29	Bell Ltd	21	2976		2976
						68610

ACCOUNT M.O. BROWN
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	15	M.O.Brown (credit sale)	11	3990		3990
July	15	M.O.Brown (Sold to)	11		1440	1440
						2550

ACCOUNT ISHIKAWA INC.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	2	Ishikawa Inc (credit sale)	1	24600		24600
July	10	Ishikawa Inc (discount)	8	246		246
July	10	Ishikawa Inc	8		24354	-24354
July	18	Ishikawa Inc (credit sale)	13		2142	-2142
						-1650

Accounts Payable Subsidiary Ledger

ACCOUNT BURGESS DISTRIBUTING LTD.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	15	Burgess Distribution Ltd (Purchases)	15		$12,282	-$12,282

ACCOUNT NAKKACH CORP.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	3	Nakkach Corp (purchase of inventory)	2		$14,802	-$14,802
July	13	Nakkach Corp (Discount)	9	$444.06		$444.06
July	22	Nakkach Corp (Furniture Purchase)	16		$3870	-$3870

ACCOUNT MANLEY, INC.
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	13	Manley Inc (Purchase of supplies)	10		$8646	-$8646
July	28	Manley Inc	19		$805	-$805
July	29	Manley Inc (Return)	20	$4050		$4050

General Ledger

ACCOUNT CASH ACCOUNT NO. 111
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	5	Sale of inventory in cash (914)	2	2880		2880
July	5	Purchase of Furniture (532)	4		13110	-13,110
July	10	Purchase of Inventory (533)	7		6858	-6858
July	13	Paid to Nakkach Corp (533)	9		14358	-14358
July	19	Bell Ltd	14	32967		32967
July	25	Payment for Utilities (536)	18		6718	-6718
July	30	Manley Inc	22		2646	-2646
July	31	Ishikawa Inc	23		2142	-2142
July	31	Salary Expenses	24		14082	-14082
		Transfer to balance sheet as asset			24,066.94	24,067

ACCOUNT ACCOUNTS RECEIVABLE ACCOUNT NO. 112
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	2	Ishikawa Inc (913)	1	24,600		24,600
July	9	Bell Ltd (914)	6	33,300		33,300
July	10	Ishikawa Inc (913)	8		24,354	-24,354
July	10	Ishikawa Inc (Discount) (913)	8		246	-246
July	15	M.O. Brown (915)	11	3990		3990
July	18	Credit sale to Ishikawa Inc (916)	13	2142		2142
July	19	Bell Ltd (914)	14		32967	-32,967
July	19	Bell Ltd (Discount)	13		333	-333
July	29	Bell Ltd (917)	21	2976		2976
July	31	Ishikawa Inc	23		2142	-2142
		Transfer to balance sheet as asset			6966	6966

ACCOUNT SUPPLIES ACCOUNT NO. 116
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	13	Purchase of Supplies Manlet Inc	10	8646		8646
July	24	Sales of Supplies	18		324	-324
					8322	-8322

ACCOUNT PREPAID INSURANCE ACCOUNT NO. 117
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	22	Prepaid Insurance	17	6000		6000
					6000	-6000

Req. 1 and 4 (continued) P7-6A

ACCOUNT INVENTORY ACCOUNT NO. 118
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	2	Credit Sale to Ishikawa Inc (913)	1		10,800	10800
July	3	Purchase of Inventory from Nakkach Corp	2	14,802		14802
July	5	Sold Inventory for Cash (915)	3		2880	2880
July	9	Credit sale to Bell Ltd. (914)	6		13,860	12860
July	10	Purchase of inventory (533)	7	6858		6858
July	15	Sold to M.O. Brown (915)	11		1440	1440
July	18	Credit Sale to Ishikawa Inc (916)	13		762	762
July	20	Purchases Burgess Distributing Ltd	15	12,282		12282
July	28	Purchase of Inventory	19	8050		8050
July	29	Return of Inventory	20		4050	4050
July	29	Sale of Inventory Bell Ltd. (917)	21	1320		1320
		Transfer to balance sheet as asset			9520	9520

ACCOUNT FURNITURE ACCOUNT NO. 151
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	5	Purchase of Furniture (532)	4	13,110		13,110
July	22	Purchase of Furniture Nakkach Corp	16	3870		3870
		Transfer to balance sheet as asset		16,980		-16,980

ACCOUNT ACCOUNTS PAYABLE ACCOUNT NO. 211
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	3	Nakkach Corp (914)	2		$14,802	$14,802
July	13	Nakkach Corp (914)	9	$14,357.94		-$14,358
July	13	Nakkach Corp (Discount Recevied) (914)	9	$444.06		-$444
July	13	Manley Inc	10		$8646	$8648
July	20	Burgess Distribution Ltd	15		$12,282	$12282
July	22	Purchase of furniture Nakkach Corp	16		3870	$3870
July	28	Manley Inc	19		$805	$8050
July	29	Manley Inc (Return)	20	$4050		-$4050
July	30	Manley Inc	22	$2646		-$2646
		Transfer to balance sheet as liability			$26,152	$26,152

ACCOUNT SALES REVENUE ACCOUNT NO. 411
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	2	Credit Sales (913)	1		$24,600	$24,600
July	5	Case Sales	3		$6462	$6462
July	9	Credit Sales to Bell Ltd (914)	6		$33,300	$33,300
July	15	Credit sale to M.O.Brown (915)	12		$3990	$3990
July	18	Credit sale to Ishikawa Inc (916)	13		$2142	$2142
July	22	Sale of supplies	17		$324	$324
July	29	Sale of inventory	21		$2976	$2976
				$73794		-$73794

Req. 1 and 4 (continued) P7-6A

ACCOUNT SALES DISCOUNTS ACCOUNT NO. 412
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	10	Ishikawa Inc (913)	8	$246		$246
July	19	Bell Ltd (Discount)	14	$333		$333
		Debit to profit loss account			$579	$579

ACCOUNT SALES RETURNS AND ALLOWANCES ACCOUNT NO. 413
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	29	Manley Inc (Returns)	20	$4050		$4050

ACCOUNT INTEREST REVENUE ACCOUNT NO. 419
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	8	Collected interest revenue	5		$6650	$6650
		Credit to profit loss account		$6650		-$6650

ACCOUNT COST OF GOODS SOLD ACCOUNT NO. 511
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July	3	Credit Purchase from Nakkach Corp	2	$14,802		$14,802
July	10	Purchase of inventory	7	$6858		$6858
July	13	Disocunt received from Nakkach Corp	9		$444,06	-$444
July	20	Purchase of inventory from Burgess Distributing Ltd.	15	$12,282		$12,282
July	28	Purchase of inventory Manley Inc	19	$8050		$8050
July	29	Purchase Return of inventory Manley Inc	20		$4050	-$4050
					$37,498	-$38,498

ACCOUNT SALARIES EXPENSE ACCOUNT NO. 531
DATE		ITEM	JRNL. REF.	DEBIT	CREDIT	BALANCE
July		Salary Expenses	24	$14,082		14,082
		Debit to profit loss account			$14,082	-$14,082