Following balances were extracted from the records of SOB1032 Enterprises as of 30 June 2021:

Amount (K)
A net total of the list of Purchase Ledger balances	3,215,368
Payables control account:
Credit balance	3,356,625
Debit balance	127,500

Additional information:

1. Goods amounting to K9,375 were returned to a supplier but not recorded as the credit note has not yet been received.
2. The daily totals were under-casted as detailed below:

16 June 2021	Purchase Day Book was under casted by K7,567
23 June 2021	Purchase Return Day Book was under casted by K1,945.

3. A purchase invoice of K44,500 was recorded as K49,000 in the Purchase Day Book but correctly recorded in the Purchase Ledger.
4. While preparing list of balances from Purchase Ledger, a debit balance of K4,755 was taken as credit balance at K2,955.
5. A purchase return note of K16,050 was recorded in the Purchase Return Day Book as K1,560 but correctly recorded in the Purchase Ledger.
6. An old outstanding debit balance of K8,350 is appearing in the Purchase Ledger. As the supplier is not traceable, it has been decided to write off the balance.
7. A receivable from Patel enterprises amounting to K4,335 was mistakenly set off against the payable balance of K7,500.
8. In Purchase Ledger, the debit side of a supplier account was overcast by K8,100.

Required:

Determine the following as of 30 June 2021:

(a) Correct balance of payables control account

(b) Correct net total of a list of purchase ledger balances

Answer rating: 100% (QA)

lolamn g fogabli DY 127500 account 30 Myune Y ... View the full answer