Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information was obtained from the records of Ronnie's Dealers for the month ended 30 June 20.2: Balance of trade payables control account
The following information was obtained from the records of Ronnie's Dealers for the month ended 30 June 20.2: Balance of trade payables control account in general ledger on 31 May 20.2 Trade payables column in the purchases returns journal. Trade payables column in the purchases journal... Cash payments journal: Trade payables column... Settlement discount received column...... General journal: Accounts with debit balances transferred to the trade receivables ledger from the trade payables ledger..... Additional information (a) An invoice for R600 for merchandise purchased on credit from DT Traders was erroneously omitted from the purchases journal. (b) A credit note for R200 received from MM Wholesalers was incorrectly entered in the sales returns journal but posted to the correct side of MM Wholesalers account. The correct trade payables control account in the general ledger of Ronnie's Dealers on 30 June 20.2 will be? Instructions: Drag the correct answer into the correct space. An option can be used more than once. Please keep the sequence of transactions strictly according the information given but also in the correct format. GENERAL LEDGER R 40 000 5 000 24 000 15 000 1 500 1000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started