Part A 1) On examining the Receivable ledger and Payable Ledger of Arun Traders, it is ascertained the following balances as on 1st January 2015: Receivable's Ledger (debit balance) Payable's Ledger (credit balance) 10,000 6,000 For the year ended 31 December 2015, the following particulars are available: Sales 150,000 Purchases 80,000 Sales Return (Return inwards) 2,000 Purchase Return (Return outwards) 1,200 Discount Allowed 300 Discount Received 150 Irrecoverable Debt (Bad debt) 450 Cash paid to Suppliers 75,000 Cash received from customers 148,000 Amount due from customer as shown by receivable ledger Offset against amount due to the same firm as shown by 600 payables ledger To find out the balance as on 31 December 2015, You are required to prepare: a.Receivables control account; b.Payables control account