QUESTION 3 [20 MARKS 30 MINUTES THIS QUESTION CONSIST OF TWO UNRELATED PARTS (A and B) PART A The following information was obtained from the accounting records of Hiompha-Moreki Traders on 30 April 2021.Hiompha-Moreki Traders is NOT registered for VAT. R Balances as at 31 March 2021 Receivables control 65 046 Totals of subsidiary journals for April 2021 Sales journal 48 600 Sales returns journal (credit sales) 4 500 Cash receipts journal: receivable column 73 196 Additional information: 1. Included in the trade receivables column in the cash receipts journal, is an electronic cash-send amounting to R1 900 received from a receivable, Mr Springfield. This receivable was written off as a bad debt in the previous year. 2. Included in the receivables balance is an amount of R3 100 which the owner of Hiompha-Moreki Traders believes will not be recovered as the customer left the country. 3. An e-wallet payment of R 1 500 received from a receivable was recorded under the cash payment journal by mistake. 4. You obtained the receivables ledger and determined that the closing balance amounted to R35 350 at the end of April 2021. When you compare the balance to the general ledger you discovered the following differences: a. Ms Normandy's balance was overstated by R650 in the receivables ledger, but was correctly reflected in the general ledger. b. A credit sale of Mr Windhoek for R7 000 was incorrectly recorded in the debtor's ledger, but correctly reflected in the general ledger. Although Mr Windhoek was able to take advantage of a 10% discount for bulk purchase, this sale was recorded at its gross amount in the receivables account C. A credit sale to Ms Lesfontain for R2 950 was incorrectly debited to the account of Ms Lesfantain in the receivables ledger. d. A receivables' account of Mr Kobe amounting to R750 was written off as irrecoverable. Mr Kobe's account was credited, but no entry was made in the subsidiary ledger. REQUIRED: MARKS a) Prepare the receivables control account in the general ledger for April 2021 [6] b) Reconcile the receivables ledger to the receivables control account in the general ledger as at 30 April 2021 [4] 71 Page PART B Jumbo Traders received a statement dated 31 January 2021 from their main supplier, SA Quality- Foods. The business is NOT registered for VAT. You compared the statement to the account in the payables ledger of Jumbo Traders and discovered the following: 1. Invoice 445 for R6 000 has been recognised twice in Jumbo Traders' records. 2. Invoice 459 is correctly reflected on SA Quality-Foods' statement as R10 880 (after a trade discount of 20%) while the amount is shown in Jumbo Traders' records before trade discount. 3. Invoice 460 for R3 600 has been recognised in Jumbo Traders' records as purchases retums. 4. The balance of SA Quality-Foods account in Jumbo Traders' payables ledger on 31 January 2021, before the correction of the above errors, amounted to R34 400. 5. SA Quality Food offered a 10% settlement discount if Jumbo Traders settle the outstanding balance within 30 days from the 1st of February 2021. Jumbo Traders intends paying their account by 10 February 2021 in order to enjoy the benefit of the 30 days' settlement discount offered by the supplier REQUIRED: MARKS Calculate the amount payable by Jumbo Traders if payment is made on or before 10 February 2021. [10]