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Question 3 (20 marks -36 minutes) The sales ledger of John Hine Ltd were split into two sections and each section was balanced separately. Section
Question 3 (20 marks -36 minutes) The sales ledger of John Hine Ltd were split into two sections and each section was balanced separately. Section 1 covered all dealing with food. Section 2 covered all dealing with clothing. On 01 January 2015 the sales ledger balances were: Section 1 Section 1 Section 2 Section 2 $84,200.00 debit $ 190.00 credit $136,200.00 debit $ 1,260.00 credit During the twelve months to 31 December 2015, the books of original entry showed the following Section 2 Section 1 678,672.00 697,384.00 Sales Cash received from debtors Returns inwards Discount allowed Bad debts written off 497 285.00 526 294.00 1,226:00 887100 3,475.00 2.760.00 3,660.00 1284 00 At 31 December 2015 the credit balances in the sales ledger were: Section 1 Section 2 Required: $281.00 $1,328.00 a) Write-up and close off the individual ledger accounts for each section in the sales ledger [9 marks) b) Prepare a sales ledger control account for the two sections for the year ended 31 [11 marks) of John Hine Ltd for the year ended 31 December 2015 December 2015 and carry down the balances as at that date
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