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please help please 2. The following details were extracted from the books of Signature Trading for the month of October 2021: Balances at 1 October
please help please
2. The following details were extracted from the books of Signature Trading for the month of October 2021: Balances at 1 October 2021 Debit balances for sales ledger Credit balances for sales ledger Credit balances for purchases ledger Debit balances for purchases ledger RM Totals for the month ending 31 October 2021 Credit sales Cash and cheques received Bad debts written off Discounts allowed Returns inwards Credit purchases Cheques paid to suppliers Discount received 3,050 150 12,500 925 Returns outwards 10,050 7,100 375 250 500 15,750 17,500 870 300 You are required to: (a) Prepare the sales ledger and purchases ledger control accounts. (b) Determine from which books the discount allowed and returns inwards would be takenStep by Step Solution
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