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QUESTION FIVE The following information in respect of May 2020 was obtained from the records of E Vuyo: [10] R 33 142 28 652 3
QUESTION FIVE The following information in respect of May 2020 was obtained from the records of E Vuyo: [10] R 33 142 28 652 3 346 Balance of Trade Creditors control account at 30 April 2020 Cash payments journal: Trade creditors column : Settlement discounts received column Purchases journal Purchases returns journal General Journal: Debit balances transferred from creditors to debtors ledger 34 700 7 500 92 Additional information: 1. The total of the list of creditors at 31 May 2020 was R33 404. 2. An invoice for R3 574, which had been entered correctly in the purchases journal, was entered in Ben Ltd's account in the creditors' ledger as R3 756. 3. Credit note 54 for R120 was recorded correctly in the purchases returns journal, but posted erroneously as a credit to the account of Adam Ltd in the creditors' ledger. 4. The total of the list of creditors was overcast by R1 000. 5. The total of the purchases journal was under-cast by R200. Required: 5.1 Prepare the trade creditors control account as at 31 May 2020 for E Vuyo, properly balanced. Each entry in the control account must indicate the contra account (6) 5.2 Reconcile the total of the list of creditors' balances with the balance of the trade creditors control account for E Vuyo as determined in 5.1 above
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