The following information was extracted from the books of a business on 1 January 2017

2017

1 January Purchases ledger balances returns (Cr) N$27 720

Sales Ledger balances (Dr) N$24 750

Purchases Ledger balance (Dr) 885

Sales Ledger balances (Cr) 1 920

The following transactions took place in the month of January 2017:

January 2017 Purchases Journal 141 750

Sales Journal 157 680

Cheques received from debtors 157 050

Cash sales 105 000

Cash paid to creditors 3 000

Cash purchases 129 000

Cash received from debtors 1 500

Cheques paid to creditors 136 300

Bad debts written off 450

Allowance for doubtful debts 6 000

Discount allowed 1 350

Discounts received 1 800

Returns inwards 1 500

Returns outwards 825

Balances sales Ledger set off against balances in Purchases Ledger 660

Trade discount received 30 000

Balance c/d sales ledger 18 000

Balance c/d purchases ledger 27 000

Required

Prepare Accounts receivable and Accounts payable ledger control accounts from the above information

[20 marks]