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QUESTION TWO The following information was extracted from the records of Pondicherry Traders Debtors control balance on 31 Total of Debtors list on 30 September

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QUESTION TWO The following information was extracted from the records of Pondicherry Traders Debtors control balance on 31 Total of Debtors list on 30 September 2016 Information from the subsidiary books on 30 September 2016 Cash sale of Credit sale of Cash and cheques received from debtors as well as discounts allowed 18 800 Goods returned by debtors ust 2016 30 200 49 410 3 100 39 900 to customers to customers 880 No entries have yet been made for the following a) The sales journal was overcast by R200 b Interest must be charged on the overdue account of B. Salmon R1 000 for 2 months at a rate of 18% .. Sales of R1 240 to debtor C Rice have been correctly recorded in the sales journal. However, it was posted to his account in the Debtors ledger as R1420 A credit note for R80 was correctly recorded in the Sales Returns Journal but was erroneously posted to the wrong side of debtor J, Lomo's account c) d) el Debtor, R. Keane, who owed RB00 was declared insolvent. His estate paid 40 cents in the Rand. No entry has been made for the amount received. In addition, the balance of his account must be written off f J. Wayne's account that has a debt balance of R40 in the debtors ledger must be transferred to his account in the creditors ledger Required Prepare the Debtors control account after taking the appropriate information and additional information into account. Balance the account on 30 September 2016

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