QUESTION 2 [30 MARKS] PART A [16 MARKS] Comarco owns a wholesale business supplying shops, hotels and restaurants with tea and coffee. He does not keep formal accounting records but is able to supply the following information for the year ended 30 April 2017. Trade Receivables 30 April 2017 01 May 2016 42,500 45,500 Trade Payables 37,000 41,500 Inventories 51,500 82,500 Wages Accrued 23,375 23,000 General expenses Prepaid 2,250 General Expenses Owing 2,000 Transaction during 30 April 2017 were Cash received from credit customers 257,900 Cash paid to credit suppliers 221,000 Cash sales to staff 26,875 Sales returns from credit customers 23,000 Discount Allowed 23,850 4/8 Discount Received 22,500 Bad debts 20,500 Wages 34,125 General Expense 30,750 Page 5 of 9 REQUIRED (a)Prepare a purchases ledger control account to find out the total amount of credit purchases for the year ended 30 April 2017. (8 marks) (b)Prepare a sales ledger control account to find out the amount of credit sales for the year ended 30 April 2017. (8 marks)