Question
12 Karleeas Ltd XYZ they have payables control account balance of $17,250 at 31 Dec. 2019 However the extract of balances from the payables ledger
12
Karleeas Ltd XYZ they have payables control account balance of $17,250 at 31 Dec. 2019 However the extract of balances from the payables ledger totals $14,500.after the Investigation they finds the following errors: a contra entry of $750 had been omitted from the control account, an account with a balance of $500 debit had been included as $500 credit in the list of balances and payments totalling $3,000 had been posted to the individual accounts but the double entry postings had not yet been made
You are Required t
(a) Prepare a corrected payables control account, bringing down the amended balance as at 31 December 20
(b) Prepare a statement showing the adjustments that are necessary to the list of personal account balances so that it reconciles with the amended payables control account balance. 19o .lance.
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