QUESTION ONE: Inventories

:5 Inventories control ledger account balance at 31 May 20367.30 Accounts payable control ledger account balance at 31 May 7973.60 Inventories purchases on credit during June 11 248.90 Cash paid to trade creditors during June 10354.10 Inventories sales on credit during June 15020.00 Inventories ledger card balances at 1 June: Pool lters 43 0 $232.50 9997.50 Pool pumps 21 0 $493.80 10369.80 20367.30 The inventories pu'chased during June compriwd the following. June 4 5 pool pumps Q $476.10 each 2 380.50 17 3 pool pumps 0 $491.30 each 1 473.90 18 12 pool lters 0 $236.70 each 2 840.40 24 2 pool pumps 0 $491.30 each 982.60 29 15 pool lters 0 $238.10 each 3571.50 11 248.90 The inventories sold during June comprised the following. June 1 1 pool pump 0 $520 and 1 pool lter 0 $300 820 5 18poollters$30093ch 5400 18 4 pool pumps 0 $550 each 2200 23 15 pool lters 0 $330 each 4950 28 5 pool lters e $330 each 1 650 15 020 Other movements in inventories during June were: June 9 2 pool lters, sold 5 June (not paid for) were returned by the customer 20 3 pool lters purchased 18 June (not paid for) were returned to the supplier 26 1 pool pump. purchased 4 June (paid for) was returned to the supplier