Sport Enterprises have individual accounts for their debtors in a debtors subsidiary ledger and have a debtors control account in the general ledger. The balance of the debtors control account at 1 May 2021 is R169 200. The following information was provided for the month ending 31 May 2021:

1. Journals provided the following totals for relevant transactions:

BACHELOR OF COMMERCE YEAR 1 ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE

REGENT BUSINESS SCHOOL (RBS) JANUARY 2021 36 For the month ended 31 May 2021: R Sales journal: Debtors column Sales returns journal Cash receipts journal: Debtors column General Journal: Interest charged on overdue debtors accounts General Journal: Debtors balances written off as irrecoverable

762 000 6 300 586 800 2 100 2 700

2. The debtors ledger clerk submitted the following :

List of debtors balances as at 31 May 2021 debit balances R C Gale H Bolt G Hunt I Khune R Nadal

31 500 132 300 182 700 18 900 9 000

3. Additional information to be taken into account (not included in the above):

3.1 No entry has been made for a credit sale of goods to C Gale for R 5 400. 3.2 R Nadals account must be written off as irrecoverable. 3.3 G Hunt must be charged R1 827 interest on his overdue account. 3.4 A credit note issued to I Khune for goods returned was erroneously entered in the account of C Gale in the debtors ledger. 3.5 The sales returns journal was undercast by R900. 3.6 A receipt issued to H Bolt for a payment on account of R37 800 was recorded in the cash receipts journal but was not posted to his account in the debtors ledger.

BACHELOR OF COMMERCE YEAR 1 ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE

REGENT BUSINESS SCHOOL (RBS) JANUARY 2021 37

Required:

Use the above information provided to prepare the following:

2.1 The correct Debtors Control Account properly balanced for May 2021. (11)

2.2 Reconciliation of the debtors list with the debtors control account for the month ended 31 May 2021. (9)