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.Plume Ltd maintains subsidiary ledgers for debtors and creditors. At 1 January 2016, debtors owed $3000 and creditors were owed $5600. Transactions for the month
.Plume Ltd maintains subsidiary ledgers for debtors and creditors. At 1 January 2016, debtors owed $3000 and creditors were owed $5600. Transactions for the month of January 2016 were as follows: Credit sales 9000 4000 Cash sales Credit purchases 16 000 2000 8000 17 000 500 300 800 Cash purchases Cash received from debtors Cash paid to creditors Freight charged to debtors Charged debtors interest on overdue accounts Discount received from creditors 400 Discount allowed to debtors What was the balance of the creditors control account at 31 January 2016? A. $5800 B. $4600 C. $3800 D. $7400 TOP: Operation of special journals and subsidiary ledgers PTS:1 C ANS
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