Question 3 is based on Book 3 Chapter 4 and the document 'Summary of Book 4 Chapters 1-3' under Assessment on the B124 21J website. (Excellent preparation for Question 3 would be to complete Question 3 of 'Practice material for TMA02' under 'Assessment' on the B124 21J website.) Robyn owns and manages a small business which sells organic cosmetics to high street shops and online retailers. Robyn sells to customers on credit on 30 days credit terms. (Robyn manages all aspects of the business, including delivery and collection of the cosmetics.) The business accounts are balanced at the end of each month, and the transactions are posted daily. On 1 April the balances on Robyn's general ledger accounts were as follows: Debit () Credit () Account name Capital 60,000 Van (at net book value) 32,000 Bank 2,750 Receivables control 68,250 Payables control 43,000 103,000 103,000 On 1 April, the debit balances on the receivables ledger accounts were as follows: Receivables ledger accounts Basil 17,000 Mint 29,930 Rosemary 21,320 Total 68,250