At the close of business on 31 July 2019 the following balances were extracted from the books of Kwabena Ltd, a limited liability company:

GH

Receivables ledger control account 47,600

Payables ledger control account 37,400

During the month of August the following transactions occurred.

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Cash received from customers 31,800

Cash paid to suppliers 32,500

Sales on credit 48,200

Purchases on credit 36,500

Sales returns 1,900

Purchase returns 700

Discounts received from suppliers 400

Settlement discount claimed by customer 300

Bad debts written off 2,700

Customer and supplier accounts settled by contra 2,100

Required:

Prepare the receivables ledger control account and payables ledger control account for the month of August 2019 and hence determine the balances as at 31 August 2019.