The following particulars relating to the year ended 31 March 20X9 have been extracted from the books of Ball and Chain Ltd. All sales have been recorded in personal accounts in the sales ledger, and the sales ledger control account is part of the double entry in the general ledger.

Required
a. Prepare the sales ledger control account for the year ended 31 March 20X9 using relevant figures selected from the data shown above.
b. Subsequently, the following errors have been discovered:
i. The total of the sales day book has been undercast by £1,000.
ii. An entry of £125 in the returns inward book has been entered on the wrong side of the credit customer’s personal account.
iii. Discount allowed of £50 had been entered correctly in a credit customer’s personal account but no other entries have been made in the books.
iv. A cheque for £3,400 from a credit customer has been entered correctly in the cash book but has been posted to the credit customer’s personal account as £4,300.

Required
Prepare a statement showing the amended balances on the sales ledger and the sales ledger control account. 

Transcribed Image Text:

Sales ledger control account balance on 1 April 20X8 (debit) Sales revenue Payments received from credit customers including irrecoverable debts recovered of £84 Discounts allowed Discounts received Returns inwards Returns outwards Bills receivable Irrecoverable debts written off Allowance for irrecoverable debts Cash paid in respect of a credit balance on a sales ledger account Amounts due from customers as shown by the sales ledger transferred to the purchases ledger Interest charged on credit customers' overdue accounts Total of balances in the sales ledger on 31 March 20X9 (debit) £ 14,364 138,208 118,258 3,692 2,922 1,966 1,254 6,486 1,186 1,800 132 606 20 20,914