draw up the debtors control and creditors control for the below attached question.
BCOM Y1 _Jan 2020_RD (5) [Read-Only] - Word ? 0 - 3X FILE HOME INSERT DESIGN PAGE LAYOUT REFERENCES MAILINGS REVIEW VIEW Fahim Aly Cut M Find Paste Copy Arial - 12 - A A Aa- A = = . F. N 1 AaBbCcl AaBbCcl Ad[ AaBbCc AaBbCc AaBbCc AaBbCc AaBbCc AaBbCCD. Ad B| AaBbCCD Sac Replace Format Painter BIU - abe X2 X A Z A .= = 1 2. 1 Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Heading 4 Heading 5 Heading 6 Heading 7 Title Subtitle 41 Select ~ Clipboard Font Paragraph Styles Editing 1.6 A credit sale of R340 was not posted to the personal account of the debtor in the debtors ledger account. The amount has been posted correctly to the sales QUESTION THREE account and the debtors control account in the general ledger. Dean Stone operates a business, Stone Wear Style, for which the accounting records 1.7 A credit note for R140 was recorded correctly in the sales returns journal but posted include control accounts for debtors and a separate control account for creditors. Dean to the wrong side of the debtor's personal account in the debtors subsidiary ledger just promoted Charlie Bait to maintain records of the control accounts and to reconcile the lists and the control accounts balances. The following information relates to March 1.8 The debtors column in the cash receipts journal includes an amount of R390 being a 2019: settlement discount received from a creditor. DR Debtors control a/c CR 201 R 201 R 1.9 The purchase journal was under-cast by R1 436. 9 Balance (correct) b/d 31 340 9 Sales returns - credit 4 440 1.3 Bank (debtors column) 90 990 31.3 Bank debtor 850 1.10 The R850 was refunded to a debtor because their account was overpaid. 31.3 Discounts granted 1 370 refunds 67 602 Credit sales 96 330 Credit purchases 2 016 Required: Drawing 300 Cash purchases 550 Purchases returns- 3.1 draw up a properly balanced debtors control account, corrected for errors that exist 4 262 Discounts received 7 960 credit Bank-creditors 141 174 n the given account, and a properly balanced creditors control account for March column Balance 2019. NB. The additional information must also be taken in account c/d 224 592 224 592 3.2 show the debtors reconciliation statement for March 2019. 1.4 Balance b/d 141 174 Additional information: 1.1 At 1 March 2019, the balance of the creditors control account was R16 680. 1.2 There are errors in the above debtors control account that need to be corrected. There are items recorded that should not be reflected in the debtors control account. Some items are also on the wrong side of the account. 1.3 The total of the list of debtors balances at 31 March 2019 was R32 120. 1.4 An amount of R230 written-off as credit losses, has erroneously been added to the credit sales amount of R96 330. This entry has been posted correctly to the personal account of the debtor in the debtor's subsidiary ledger. 1.5 The sales journal was over-cast by R840. PAGE 34 OF 44 7290 WORDS LE ENGLISH (SOUTH AFRICA) + 70% LO CO He FEE ON WE ENG 15:14 INTL 2020/09/23
