Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q73Y ou are given the following information: The balance in the Sales Ledger Control Account on 1 January, 2020 was $12,000. Credit Sales were $9,300.

Q73Y

ou are given the following information:

The balance in the Sales Ledger Control Account on 1 January, 2020 was $12,000.

Credit Sales were $9,300. Total receipts from customers during 2020 $11,490. Discounts Allowed was $625.

What is the closing balance in the Sales Ledger Control Account as at 31 December, 2020? $9,185$14,190$13,565$9,810


Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Method And Meaning Teachers Guide

Authors: R.M.S. Wilson

2nd Edition

0412436205, 978-0412436208

More Books

Students also viewed these Accounting questions

Question

Describe the seven standard parts of a letter.

Answered: 1 week ago

Question

Explain how to develop effective Internet-based messages.

Answered: 1 week ago

Question

Identify the advantages and disadvantages of written messages.

Answered: 1 week ago