Self-test The receivables ledger control account of Atanga at 31 December 2006 shows a debit balance of $487,600. The list of receivables ledger balances at the same date totalled $455,800 debit. There were no credit balances.

On investigation the following errors and revisions were found:

1. The sales day book had been overcast by $2,000.

2. A debt of $8,400 is to be written off.

3. A credit note for $1,200 was entered on the debit side of the customer’s account.

4. Contras against amounts owing to Atanga in the payables ledger totalling $16,100 were entered on the debit side of the receivables ledger control account.

5. A credit note for $5,600 sent to a customer and recorded at that figure should have been for $4,500.

6. Cash discount allowed and agreed at $150 has not been recorded in the accounting system.

Required:

(a) Prepare a statement showing the necessary adjustments to the receivables ledger control account balance.

(b) Prepare a statement showing the necessary adjustments to the total of the list of receivables ledger balances.

(ACCA Preparing Financial Statements (International Stream) June 2007)