Question 2: You have been presented with the following information: f 1 October 2010 92,924 Sales (Receivable) ledger - DR Sales (Receivable) ledger - CR 490 Purchases (Payable) ledger - DR 2944 Purchases (Payable) ledger - CR 50,930 Total for the period to 31 October 2010 Purchases 152,948 Sales 252,048 Purchase returns 4,308 Contra 910 Bad debts 2,506 Discounts allowed 1,492 Cash received from customers 240,928 Discount received 3,884 Cash paid to creditors 140,952 Cash paid to customers for overpayment 104 . Required You are required to prepare Sales (receivables) and Purchases (payables) Ledger Control Accounts for the period You should comment on the balances of the above two control accounts as at 31 October 2010