The following information relates to the personal accounts of a trader during March 2012:

Required:

(a) The Trade receivables control account

(b) The Trade payables control account

Transcribed Image Text:

£ 62,400 264,600 102,450 412,200 Paid to suppliers 198,500 Settlement discount allowed to customers Settlement discount received from suppliers Receipts from customers Dishonour of cheques received from customers Reversal of discount allowed to customers Cash purchases Credit purchases Carriage inwards Carriage outward Return inwards Return outwards Cash sales Credit sales Bad debts Debt collection expense charged to customers Debt recovered by contra offset Interest charged on a customer who persistently overstepped credit period £ 26,450 11,500 102,450 412,200 3,800 15,950 9,450 368,500 6,650 350 150 15,500 225