5.9 LO3–5 Assume that a business uses the subsidiary records described in this chapter. It also keeps a sales

(debtors) ledger control account. At the start of a period it has a debit balance on this account of

$250,000. During the next month, the totals on the various subsidiary records are as shown below:

Sales book $350,000 Cash receipts journal—sales ledger column $325,000 Cash receipts journal—discount allowed column $15,000 Sales returns book $20,000 Also, a journal entry writing off bad debts for the month was made, totalling $8,000.

(a) Record these transactions in the control account.