Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(a) Lusaka Wholesalers had the following information for the Debtors and Creditors Cont14/17nts for the month of October 2019 2019 Oct 1 Debtors ledger control
(a) Lusaka Wholesalers had the following information for the Debtors and Creditors Cont14/17nts for the month of October 2019 2019 Oct 1 Debtors ledger control balance 35 800 00 1 Debtors ledger control credit balance 2 700 00 1 Creditors ledger control balance 28 500 00 1 Creditors ledger control debit balance 3 400 00 Oct 31 Credit sales for the month 62 600 00 Cash sales for the month 10 870 00 Credit purchases for the month 50 860 00 Sales returns 1 600 00 Purchases returns 2 500 00 Cheques received from debtors 70 000 00 Cheques paid to creditors 55 600 00 Discounts Allowed 10 700 00 Discounts Received 8 750 00 Debtors dishonoured cheques 8 900 00 Required To prepare the Sales Ledger Control Account only and show the closing RS.COM AN balance. 19
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started