QUESTION The amount shown in Chong's Sales Ledger Control Account is a debit balance of RM64,969. The total of the listing of the balances in the personal ledger is RM65,269. You have found the following reasons for the difference: i A sales invoice for RM320 was entered in the sales day book as RM230. ii The total of the sales returns daybook was understated by RM900. iii A credit note issued to a customer for RM460 was treated as an invoice when the entries were being made in the personal ledger. iv A customer paid RM1,700 in full settlement of a balance of RM1,715. The discount was correctly recorded in the personal ledger, but was not entered in the control account. v The total value of cheques received from customers was RM67,908 but RM67,980 was posted to the control account. vi A debit balance of RM20 on a customer's account was omitted. vii A debit balance of RM1,582 has been included in the list of balances in the personal ledger as RM1,825. Required a Prepare the Receivables Control Account and show its corrected balance. b Show the corrected total of the list of balances from the Sales Ledger. QUESTION The amount shown in Chong's Sales Ledger Control Account is a debit balance of RM64,969. The total of the listing of the balances in the personal ledger is RM65,269. You have found the following reasons for the difference: i A sales invoice for RM320 was entered in the sales day book as RM230. ii The total of the sales returns daybook was understated by RM900. iii A credit note issued to a customer for RM460 was treated as an invoice when the entries were being made in the personal ledger. iv A customer paid RM1,700 in full settlement of a balance of RM1,715. The discount was correctly recorded in the personal ledger, but was not entered in the control account. v The total value of cheques received from customers was RM67,908 but RM67,980 was posted to the control account. vi A debit balance of RM20 on a customer's account was omitted. vii A debit balance of RM1,582 has been included in the list of balances in the personal ledger as RM1,825. Required a Prepare the Receivables Control Account and show its corrected balance. b Show the corrected total of the list of balances from the Sales Ledger