accounting

ACADEMIC AND ASSESSMENT CALENDAR -DISTANCE ACADEMIC AND ASSESSMEN LLIUD IL DIUM The following information was extracted from the accounting records of Mega Store (Ply) Ltd on 31 December 2021 3. On 10 December 2021. goods to the value of R6 300 was purchased on credit, but was incorrectly recorded in the sales journal 4. The credit balances in the debtors' ledger at 1 January 2021 must be transferred to the creditors control account 78 102 50 652 8640 Required: 4356 Prepare the following as they would appear in the general ledger of Mega Store (Pty) Lid for the year ended 31 December 2021 85 680 15 120 149 778 4.1 Debtors control account 4.2 Creditors control account (11) (9) NB Sales journal Purchases journal Sales returns journal Purchases returns journal Cash receipts journal Debtors control column Settlement discount granted column Sales column Cash payments journal. Purchases column Debtors control column Creditors control column Settlement discount received column General Journal (Sundry entries) Debtors control: Debits. Sale of Vehicle Credits Credit losses Creditors control Debits Credits. Purchased Equipment General Ledger Balances at 1 January 2021 - Debtors control account debit balance credit balance Creditors control account credit balance (only) 88 506 10 638 81 720 11 934 The accounts must be properly balanced or closed off Each entry in the ledger account must reflect the contra account Folio numbers may be omitted. Record the dates for transactions Marks will be deducted for recording entries that are unrelated to the control accounts 12 1BG 1 860 NIL 9 594 121 140 2 736 82 116 Additional Information: The following has not been taken into account in arriving at the figures above 1. An amount of R5 202 owing by a debtor, F Skelm, must be written off as irrecoverable. 2. The allowances for credit losses must be increased by R2 250, 12P