Question Two The following is a list of balances relating to Phantom Properties Ltd during 2020. Prepare the company's sales ledger control account. Debit balance in Receivables account 01/01/20 Credit balance in Payables account 01/01/20 Credit balance on Receivables ledger 01/01/20 Goods purchased on credit Goods sold on credit Cash received from Receivables Cash paid to suppliers Discount received Discount allowed Cash purchases Cash sales Bad Debts written af Interest on overdue account of customers Returns outwards Return inwards Accounts settled by contra between Sales and Purchases ledgers Set of Credit balances in Sales ledgers 31/12/20 Debit balances in Purchases ledger 31/12/20 66,300 50.600 724 257,919 323.614 299.149 210.522 2.663 -2.930 3.627 5.922 9.651 277 2.926 2.805 1.106 815 698