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Ascertain credit sales and purchases from the following figures Debtors Opening balances R 10800 creditors opening balances 5900 Cash received 36850 cash paid 24800 Discount

Ascertain credit sales and purchases from the following figures Debtors Opening balances R 10800 creditors opening balances 5900 Cash received 36850 cash paid 24800 Discount allowed 2000 discount received 450 Bad debts written off 450 returns 540 Returns 800 bills payable issued 2860 Bills receivable received Bills receivable dishonored Closing balance 8400 closing balances 6200 600 8700

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