The financial year of the OK Trading Company ended on 30^th November 2007. You have been asked to prepare a Total Debtors Account and a Total Creditors Account in order to produce end-of-year figures for Debtors and Creditors for the draft final accounts.

You are able to obtain the following information for the financial year from the books of original entry:

	Sh.
Sales (all on credit)	268,187
Purchases (all on credit)	496,000
Receipts from customers	255,680
Payment to suppliers	489,000
Discounts allowed	5,520
Balance in the sales ledger set off against balance
In the purchase ledger	70
Bad debts written off	780
Increase in the provision for bad debts	90
Credit notes issued to credit customers	4,140
Credit notes received from credit suppliers	1,480

According to the audited financial statement for the previous year debtors and creditors as at 1^st November 2006 were Sh. 26,555 and Sh. 43,450 respectively.

REQUIRED:

Draw up the relevant Total Accounts entering end-of-year totals for debtors and creditors.

The financial year of the OK Trading Company ended on 30^th November 2007. You have been asked to prepare a Total Debtors Account and a Total Creditors Account in order to produce end-of-year figures for Debtors and Creditors for the draft final accounts.

You are able to obtain the following information for the financial year from the books of original entry:

	Sh.
Sales (all on credit)	268,187
Purchases (all on credit)	496,000
Receipts from customers	255,680
Payment to suppliers	489,000
Discounts allowed	5,520
Balance in the sales ledger set off against balance
In the purchase ledger	70
Bad debts written off	780
Increase in the provision for bad debts	90
Credit notes issued to credit customers	4,140
Credit notes received from credit suppliers	1,480

According to the audited financial statement for the previous year debtors and creditors as at 1^st November 2006 were Sh. 26,555 and Sh. 43,450 respectively.

REQUIRED:

Draw up the relevant Total Accounts entering end-of-year totals for debtors and creditors.

The financial year of the OK Trading Company ended on 30^th November 2007. You have been asked to prepare a Total Debtors Account and a Total Creditors Account in order to produce end-of-year figures for Debtors and Creditors for the draft final accounts.

You are able to obtain the following information for the financial year from the books of original entry:

	Sh.
Sales (all on credit)	268,187
Purchases (all on credit)	496,000
Receipts from customers	255,680
Payment to suppliers	489,000
Discounts allowed	5,520
Balance in the sales ledger set off against balance
In the purchase ledger	70
Bad debts written off	780
Increase in the provision for bad debts	90
Credit notes issued to credit customers	4,140
Credit notes received from credit suppliers	1,480

According to the audited financial statement for the previous year debtors and creditors as at 1^st November 2006 were Sh. 26,555 and Sh. 43,450 respectively.

REQUIRED:

Draw up the relevant Total Accounts entering end-of-year totals for debtors and creditors.