Question No.4 Wrigley Ltd

B. Invoice from supplier C. Duplicate of invoice sent to customer D. Copy of receipt sent to customer 4. Wrigley Ltd uses subsidiary ledgers for debtors and creditors. At 1 July 2015 debtors owed $7000 and creditors were owed $4000. Transactions for year ended 30 June 2016 were as follows: Cash purchases Credit purchases Cash sales Credit sales Cash paid to creditors Cash received from debtors Discount received from creditors Discount allowed to debtors 6000 11 000 15 000 20000 9000 18 000 500 700 What was the balance of the debtors control account at 30 June 2016? A. $8300 B. $9700 C. $21 300 D. $9000 5. Griffin Ltd made a sale of $800 to a customer on terms of 2/10, n/30 on 1 July. The account was paid on 8 July. Griffin Ltd would make which of the following postings to the