Question 2.4 The following information relates to Merlot Traders. The business makes use of a hand system of accounting: Balances on 30 April 20.8: Debtors control R 11.000 Creditors control R 16 120 Totals of lists on 30 April 20.8: Debtors ledger R 4950 Creditors ledger R 18 429 After all the ledgers of Merlot Traders had been drawn up, the following differences and enos were depicted: 1. 2. 3. 45 6. 7. 8. 9. The total of the debtors control column in the debtors allowances journal (R 1200 was posted to the debit side of the debtors control account. A credit note issued for R 100 had not been recorded at all. A settlement discount granted to a debtor was erroneously credited to a creditor's account in the general journal and posted as such. The VAT inclusive amount of this discount was R228. The debtors control column in the cashbook receipts was 'overcast' by R 350 A credit note received for R 700 (including VAT) was erroneously journalised and posted as an original invoice. A debtor's individual balance of R 2 000 was transferred to their account in the creditos ledger. The entry was correctly made in the subsidiary journals and ledgers, but in the general ledger the debtors control account was debited while the creditors contr account was credited with R 2 000. The total of R 512 on an original invoice was posted to the creditor's individual account in the creditors ledger as R 521. A duplicate credit invoice displaying a VAT amount of R 420 (only standard rated goods were sold) was erroneously entered into the creditors journal instead of the debtors jaun and posted as such (i.e. it was treated as an original invoice). An original credit note totalling R 1 000 was correctly entered into the creditors allowances journal, but when posting the entry to the creditor's individual account, the bookkeeper entered an incorrect amount of R 100. 10. A cheque counterfoil for a cheque issued to a creditor shows the correct amount of) R6 000. The amount was correctly entered into the cashbook payments, but only R was entered into the creditor's individual account.