QUESTION FIVE [13] Ace Wholesalers' have control accounts in the general ledger and subsidiary ledgers for their individual debtors' and creditors' accounts. The balance in the control account is reconciled with the total of the relevant subsidiary ledgers on a monthly basis. The following information was extracted from the financial records of Ace Wholesalers for the month of March 2021: REGENT BUSINESS SCHOOL (RBS) - JANUARY 2021 27 Details R Totals at 1 March 2021: List of debtors - debit balances List of debtors - credit balances List of creditors - credit balances 63 820 1 450 48 900 Transactions for the month ended 31 March 2021: Goods sold to customers for cash 463 700 Goods sold to customers on credit 229 640 Cash received from debtors 218 270 172 420 152 300 Goods bought from suppliers for cash Goods bought from suppliers on credit Cash paid to creditors Credit notes granted to debtors for goods returned by them Credit notes received from suppliers for goods returned to them Interest charged on overdue debtors' accounts 128 500 24 770 27 040 2 630 31 March 2021: Total of credit balances in the Debtors' subsidiary ledger 890 ledger 890 Required: Prepare the following for Ace Wholesalers for the month ended 31 March 2021: 5.1 Debtors' control account (8) 5.2 Creditors' control account (5) END OF ACCOUNTING 1: ASSIGNMENT 1