The accountant of Mixed-up Traders requires your assistance to properly balance and reconcile the trade receivables control and trade payable control accounts with the total list of trade receivables and total list of trade payables for the month ended on 30 November 20.9 . The accountant provided you with the following information in respect of October and November 20.9 which was obtained from the records of Mixed-up Traders: Balance for trade payables control account - 31 October 20.9 R19 442 Balance for trade receivables control accounts - 31 October 20.9 R33 450 Totals for the month of November 20.9 Cash payment journal: Purchases. R29 760 Trade payables column. R 5980 Settlement discount received column. R 786 VAT input column. R 4464 VAT output column. R 118 Cash receipts journal: Sales. R130 600 Trade receivables column. R 42500 Settlement discount granted column. R 2980 VAT input column R 447 VAT output column. vAI OUtput column. R 19590 Sales journal: Trade receivables column. R90 500 VAT output column. R13575 Sales retum joumal: Trade receivables column. R5 640 VAT output column. R 846 Purchases journal: Trade payables column. R10 560 VAT input column. R 1377 Purchases return journal: Trade payables column. R560 VAT input column. R 73 General joumal: Credit losses (excluding VAT input) R1 096 VAT input (on credit losses). R 164 Creditors with debit balances transferred to trade receivables ledger. R 2567 Total list of the debtor's balances per trade receivable ledger - 30 Nov 20.9.. R76 307 Total list of the creditor's balances per trade payable ledger - 30 Nov 20,9... R25 481 In the process of reconciling the balance of trade payables control accounts with the list of balances in the trade payables ledger, the following errors and omissions were identified (all the following transactions are inclusive of 15% VAT): (a) A debit note for R986 in respect of goods retumed to S Hart was entered in the sales return journal instead of purchases return journal and posted to the account of S Haurt in the trade receivables ledger instead of S Hart in the trade payable ledger. No correcting entries have been made in any journals. (b) An invoice of R690 for goods purchased from B Smith, was erroneously omitted from the purchases journal. (c) The total list of trade payables balances was undercast by R450. (d) An invoice for R1 799 which had been correctly entered in the purchases journal was entered against the account of Siyanqoba Ltd as R1 997. Complete the trade payables control account for the month ended 30 November 20.9 to determine the balance of the trade payables control account. Instructions: Drag the correct answer into the correct space. An option can be used more than once. Please keep the sequence of transactions strictly according to the information given but also in the correct format. Settiement discount granted VAT output Bank Purchases returns and VAT input Bank, settiement discount granted and VAT input Purchases and VAT output Bank, settlement discount granted and VAT oulput Purchases returns and VAT output Purchases and VAT input VAT input Bank, settiement discount received and VAT outpu: Balance Bank, settlement discount received and VAT input
