Q$1(25$ marks$)$

Use the following information to answer $1\mathrm{.}1$ and $1\mathrm{.}2$:

a$)$ Denis the Accountant at Sangoti Limited has provided you with the balances below for the month of March

$2024$:

$1$ March $-$ Accounts receivables balance $-$debit$-$ P$29,800$

Accounts payables balance $,-$credit$-$ P$34,320$

$31$ March $-$BACS receipts from receivables P$91,600$

BACS payments to payables P$65,000$

BACS receipt from receivable later dishonoured P$400$

Discount received P$1,820$

Discount allowed P$10,800$

Irrecoverable debts written off P$3,600$

Cash sales P$21,000$

Returns outwards P$7,600$

Credit purchases P$57,000$

Credit sales P$95,600$

$1\mathrm{.}1.$ Prepare the purchases ledger control account showing the closing balance for the month of March $2024(7\mathrm{.}5)$

$1\mathrm{.}2.$ Prepare the sales ledger control account showing the closing balance for the month of March $2024(7\mathrm{.}5)$

b$)$ The following transactions have been presented to you for the month of March $2024.$

March $1,$ balances brought down; Cash P$42,000$; Bank P$49,400$ Dr

March $3,$ Sales for cash, money directly transferred to the bank P$74,000$

March $5,$ Paid rent by cash P$34,000$

March $8,$ Took money from the bank for business use P$40,000$

March $14,$ Paid wages by cash P$54,000$

March $16,$ Paid the following through the BACS transfer; T$.$ Roddy P$31,000.$

March $23,$ Cash sales P$98,000$

March $24,$ Fixtures and fittings purchased and paid by a bank transfer P$43,200$

March $30,$ Purchased stationery by cash P$5,600$

March $31$ Received from customers through the bank; Thandabani P$3,240$

Prepare the two column cash book for the month of March $2024.(10)$