ILLUSTRATION 8 From the following details write General Ledger Adjustment Accounts (in Bought and sold Ledgers) and the Bought and Sold Ledger Adjustment Accounts (in General Ledger) as on 31 March, 2015: Dr. Debtors (1-4-2014) Debtors 17,425 320 $ 7,400 900 Cr. Creditors Cr. 27,408 100 Cr. Creditors 210 Purchases 25,200 Sales 28,209 Sales Returns 208 Purchases Returns 714 Cash paid to creditors 12,700 Bills received from debtors 9,300 Bill dishonoured 200 Credit Balance in Sales Ledger (on 31-3-2015) 4,241 Debit Balance in Bought Ledger (on 31-3-2015) 2,678 Bills accepted for creditors Provision for Bad Debts Discount allowed to debtors but later on disallowed Cash received from debtors Discount allowed to creditors Cash paid to debtors Cash Sales Cash Purchases Bad debts written off Discount allowed to debtors Transfer from creditors to debtors ledger Bad Debts received 8,700 1,020 25 4,320 7,400 215 215 1,242 250