Question Two The receivables ledger control account of Jefferson at 31 December 2006 shows a debit balance of GHS487,600. The list of receivables ledger balances at the same date totalled GHS455,800 debit. There were no credit balances. On investigation the following errors and revisions were found: (1) The sales day book had been overcast by GHS2,000 (2) A debt of GHS8,400 is to be written off (3) A credit note for GHS1,200 was entered on the debit side of the customer's account. (4) Contras against amounts owing to Jefferson in the payables ledger totalling GHS16,100 were entered on the debit side of the receivables ledger control account. (5) A credit note for GHS5,600 sent to a customer and recorded at that figure should have been for GHS4,500 (6) Cash discount allowed and agreed at GHS150 has not been recorded in the accounting system. Required: (a) Prepare a statement showing the necessary adjustments to the receivables ledger control account balance. (b) Prepare a statement showing the necessary adjustments to the total of the list of receivables ledger balances. Question Two The receivables ledger control account of Jefferson at 31 December 2006 shows a debit balance of GHS487,600. The list of receivables ledger balances at the same date totalled GHS455,800 debit. There were no credit balances. On investigation the following errors and revisions were found: (1) The sales day book had been overcast by GHS2,000 (2) A debt of GHS8,400 is to be written off (3) A credit note for GHS1,200 was entered on the debit side of the customer's account. (4) Contras against amounts owing to Jefferson in the payables ledger totalling GHS16,100 were entered on the debit side of the receivables ledger control account. (5) A credit note for GHS5,600 sent to a customer and recorded at that figure should have been for GHS4,500 (6) Cash discount allowed and agreed at GHS150 has not been recorded in the accounting system. Required: (a) Prepare a statement showing the necessary adjustments to the receivables ledger control account balance. (b) Prepare a statement showing the necessary adjustments to the total of the list of receivables ledger balances