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DQuestion 1 On 30 June 2006 a schedule of debtors extracted from Coleman's sales ledger totaled $15400 but the balance on the Sales Ledger
DQuestion 1 On 30 June 2006 a schedule of debtors extracted from Coleman's sales ledger totaled $15400 but the balance on the Sales Ledger Control was $15816. The following errors were found later: a. A debtor's balance of $345 had been omitted from the list of debtors. b. A discount allowed of $60 had been correctly recorded in the cash book but entered in the customer's account as $6. C. The sales return day book had been under cast by $250. d. e. A credit note of $150 issued to a customer was completely omitted from the books. The discount allowed column in cash book was over cast by $125. com REQUIRED: 1. Starting with original total, make the necessary adjustment to the schedule of debtors. 2. Stating with the original balance, prepare a revised Sales Ledger Control Account.
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