Please answer; (a) and (b) only.

Question 2 The following balances were extracted from the books of Shilongo Traders on 1 January 2020 Purchases Ledger Sales Ledger Dr 1912 130 905 Cr 83 025 1940 In the month of January 2020, the following transactions were made: Debit balance on Sales Ledger transferred to Purchases Ledger 4956 Debtor's cheque dishonoured 1 908 Sales on credit 133 650 Credit purchases 96 645 Returns outwards to credit suppliers 3795 Returns inwards from credit customers 1 590 Cash sales 19 005 Cash purchases 10 913 Discount allowed 1 305 Discount received 1 600 Allowance for credit losses 474 Payments to credit suppliers 81 540 Receipts from credit customers 127 385 Refund to customer for overpayment 600 At 1 February 2020, the following information was available: Purchases Ledger debit balances 480 Sales Ledger credit balances Required: (a) Prepare the Purchases Ledger Control Account for the month of January 2020 [13 marks) (b) Sales Ledger Control Account for the month of January 2020. (15 marks) (c) Explain six advantages of using control accounts. (12 marks) 787 Total: 50 Marks