The receivables ledger control account at 1 May had balances of $32,750 debit and $1,275 credit. During May, sales of $125,000 were made on credit. Receipts from receivables amounted to $122,500 and cash discounts of $550 were allowed. Refunds of $1,300 were made to customers. Which one of the following could be the closing balances at 31 May? $35,175 debit and $3,000 credit $35,675 debit and $2,500 credit $36,725 debit and $2,000 credit $36,725 debit and $1,000 credit