4 The receivables ledger control account below contains a number of errors: Receivables Ledger Control Account Opening balance 147,200 Credit Sales 1,400 Cash Sales 2,400 308,600 Cash received from credit customers 154,200 Discounts allowed to credit customers 88,100 Interest charged on overdue accounts 4,600 Irrecoverable debts written off Allowance for receivables Closing balance Contras PLCA 4,900 2,800 396,800 555,500 555,500 What should the closing balance be when all the errors are corrected? 5 An inexperienced bookkeeper has drawn up the Sales ledger control account as follows: SALES LEDGER CONTROL ACCOUNT Opening balance 180,000 Credit sales Cash from credit customers 228,000 Irrecoverable debts written off Sales returns 8,000 Contras against payables Cash refunds to credit customers 3,300 Closing balance (balancing figure) Discount allowed 4,200 423,500 190,000 1,500 2.400 229,600 423,500 What should the closing balance be, after correcting the errors made in preparing this account