Q: Please prepare the debtors and creditors ledger control account for the following:

Balances: Debtors (1/1/10) 150,000 Creditors (1/1/10) 45,000 Bad debt 2,200 Discount Received 2,500 Cash Received from debtors 115,000 Cheque Receipt from debtors 5,000 Set off 1,200 Discount Allowed 1,150 Credit Sales 25,000 Credit Purchases 12,000 Cash payment to creditors 18,000 Cheque payment to creditors 11,200 Understated Credit sales 1,500 Overstated cash receipt from debtors 2,000 Return Inward 1,300 Return Outwards 1,600 Overstated Cheque payment to creditors 1,000