Jerry Smith’s trade receivables as at 1 January 2012 were £12,500 and his transactions in the two months commencing on that date include those stated.

Required: 

Ascertain the balance he would carry down in his Trade receivables control account as at 31.1.2012 and 29.2.2012.

Transcribed Image Text:

During 2012 January Cash sales Credit sales Returns by credit customers Settlement discount allowed Collection from credit customers Reversal of discount allowed January February Bad debts written off Recovery of debt written off in 2011 £1,500 £15,500 £200 £160 £13,650 £40 £240 £2,400 £18,600 £540 £210 £16,250 £180 £80