The financial year of the ABC Pty Ltd ended on 31 December 2020.The following information for the financial year were extracted from the books of original entry:

	(P)
Sales -cash -credit	344890 268187
Purchases - cash - credit	14,440 496,600
Total receipts from customers	600,570
Total payments to suppliers	503,970
Discounts allowed(all to credit customers)	5,520
Discounts received(all to credit suppliers)	3,510
Refunds given to cash customers	5,070
Balance in the sales ledger set off against balance in the purchase ledger	70
Bad debts written off	780
Increase in the allowance for doubtful debts	90
Credit notes issued to credit customers	4140
Credit notes received from suppliers	1480

According to the audited financial statements for the previous year accounts receivable and accounts payable as at 1 January 2020 were P26, 555 and P43, 450 respectively.

Required:

a) Prepare a Receivables Control Account (8 marks)

b) Prepare a Payables Control Account (7 marks)