Prepare a sales ledger control account and a purchases ledger control account for the half-year to December 2012

GHS

Sales ledger balances, 1 July 2012- Debit 20,040

- Credit 56

Purchases ledger balances, 1 July 2012 Debit 12

- Credit 14,860

Activities during the half-year to 31 December 2012:

Payments to trade payables 93,685

Cheques from credit customers 119,930

Purchases on credit 95,580

Sales on credit 124,600

Bad debts written off 204

Discount allowed 3,480

Discount received 2,850

Returns inwards 1,063

Returns outwards 240

Sales ledger credit balances at 31 December 2012 37

Purchases ledger debit balances at 31 December 2012 26