QUESTION 2 (2004 UEC) The following information relates to Bo Ya Company for the year 2003: 2003 RM Jan 1 Purchases Ledger balances 18,524 (Cr) Purchases Ledger balances 138 (Dr) Sales Ledger balances 21,886 (Dr) Sales Ledger balances 18 (Cr) Dec 31 Purchases invoices received 300,477 Sales invoices issued 420,690 Sales returns and allowances 3,920 Discount received from suppliers 2,826 Increase in allowance for doubtful debts 700 Purchases return and allowance 1,972 Payments to suppliers 183,772 Overpayments returned by supplier 350 Bad debts written off 3,784 Discount allowed to customers 2,542 Receipts from customers (including bad debts recovery of RM60) 264,238 Customers' cheques dishonoured 148 Accounts settled by contra 450 Purchases Ledger balances on 31 December 2003 264 (Dr) Sales Ledger balances on 31 December 2003 114 (Cr) Note: Bad Debts recovery should be adjusted in the Control Account: You are required to prepare the Purchases ledger Control Account and Sales Ledger Control Account as they would appear in the General Ledger for the year 2003. QUESTION 2 (2004 UEC) The following information relates to Bo Ya Company for the year 2003: 2003 RM Jan 1 Purchases Ledger balances 18,524 (Cr) Purchases Ledger balances 138 (Dr) Sales Ledger balances 21,886 (Dr) Sales Ledger balances 18 (Cr) Dec 31 Purchases invoices received 300,477 Sales invoices issued 420,690 Sales returns and allowances 3,920 Discount received from suppliers 2,826 Increase in allowance for doubtful debts 700 Purchases return and allowance 1,972 Payments to suppliers 183,772 Overpayments returned by supplier 350 Bad debts written off 3,784 Discount allowed to customers 2,542 Receipts from customers (including bad debts recovery of RM60) 264,238 Customers' cheques dishonoured 148 Accounts settled by contra 450 Purchases Ledger balances on 31 December 2003 264 (Dr) Sales Ledger balances on 31 December 2003 114 (Cr) Note: Bad Debts recovery should be adjusted in the Control Account: You are required to prepare the Purchases ledger Control Account and Sales Ledger Control Account as they would appear in the General Ledger for the year 2003