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The following information relate to Kabelo enterprises for 31 January 2022. Debit balance in debtors account 01/01/22 66,300 Credit balance in creditors account 01/01/22 50,600

The following information relate to Kabelo enterprises for 31 January 2022. Debit balance in debtors account 01/01/22 66,300

Credit balance in creditors account 01/01/22 50,600

Sunday credit balance on debtors ledger 724

Goods purchased on credit 257,919

Goods sold on credit 323,614

Cash received from debtors 299,149

Cash paid to suppliers 210,522

Discount received 2,663

Discount allowed 2,930

Cash purchases 3,627

Cash sales 5,922

Bad Debts written off 3,651

Interest on overdue account of customers 277

Returns outwards 2,926

Return inwards 2,805

Accounts settled by contra between debtors and creditors ledgers 1,106

Credit balances in debtors ledgers 31/12/22 815

Debit balances in creditors ledger 31/12/22 698

Required:

a) Prepare the debtors control account as at 31/12/22. (13 Marks)

b) Prepare the creditors control account as at 31/12/22 (10 Marks)

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