Queens & Kings Ltd had the following balances and the transactions also took place from the 1^st January, 2020 to 31^st January, 2020. At the close of business on 31 January, 2020 the following balances were extracted from the books of Queens & Kings Ltd :

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Receivables ledger control account 47,600

Payables ledger control account 37,400

During the month of January the following transactions occurred.

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Cash received from customers 31,800

Cash paid to suppliers 32,500

Sales on credit 48,200

Purchases on credit 36,500

Sales returns 1,900

Purchase returns 700

Discounts received from suppliers 400

Settlement discount claimed by customer 300

Bad debts written off 2,700

Customer and supplier accounts settled by contra 2,100

Required:

Prepare the receivables ledger control account and payables ledger control account for the month of January, 2020 and hence determine the balances as at 31 January, 2020.