Question
The following information was available for Chileshes business as at 31st December 2018. Balances as at 31st December 2018 Sales ledger $929,240 and Purchases ledger
The following information was available for Chileshes business as at 31st December 2018. Balances as at 31st December 2018
Sales ledger $929,240 and Purchases ledger $509,300
Totals for the month up to 31st December, 2018
$
Purchase 1,529,480
Sales 2,520,480
Purchase returns 48,080
Bad debts written off 25,060
Discount allowed 14,920
Discount received 38,840
Cash from customers 2,409,280
Cash paid to creditors 1,409,520
Required
a) Prepare Chileshes debtors ledger control account and balance it off
b) Prepare Chileshes creditors ledger control account and balance it off
c) How much was owed to chileshe as at 31st December 2018 and How much did chileshe owe as at 31st December 2018
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