The following information was taken from the books of ACDC Traders for April and May 2020. List of balances in the debtors ledger of ACDC Traders as at 30 April 2020

The following information pertains to debtor C. Cauld (D2)

Sold goods to C. Cauld on credit for R15 900 (Inclusive of VAT) on the 5th of May 2020. Issued Invoice no. F02. This transaction was taken into account in the journal totals above. C. Cauld returned goods to the value of R3 400 (VAT inclusive) on the 8th of May 2020. Issued credit note FCN21. This transaction was taken into account in the journal totals above. Received a cheque in part payment of C. Caulds account for an amount of R25 780 on the 25th of May 2020. Receipt no. FR002 was issued. This transaction was taken into account in the journal totals above. The cheque received from C. Cauld was returned by the bank marked refer to drawer on 30th of May 2020. This transaction has not yet been recorded.

Required:

-Prepare the debtors control account (B4) in the general ledger of ACDC Traders for May 2020.(Properly balance/close off this account)

-Prepare the individual account of C. Cauld in the debtors ledger for May 2020

The following information is available on 31 May 2020. List of balances in the debtors ledger of ACDC Traders as at 31 May 2020

-Prepare the debtors list on 31 May 2020 and comment on whether it is complete using the below format

Debtors list -

List of balances in the debtors ledger of Flamingo Traders as at 30 April 2020 Debtor Fol Amount (R) A. Abacus D1 14 500 C. Cauld D2 19 200 L. Lenz D3 13 170 G. Golde D4 12 800 R189 450 Journal Totals at end the of May 2020: Debtors Journal (Debtors Control Column) (DJ5) Debtors Allowances Journal (Debtors Control Column) (DAJ5) Cashbook Receipts (Debtors Control Column) (CBR5) R29 668 R85 745 GJ5 Folio Debit (R) Credit (R) 1 900 Extract from the General Journal: Doc No. Date Details JV33 13 Sales Input VAT Debtors Control (A. Abacus) (Settlement discount of 3%) 285 D1 2 185 JV34 23 Creditors Control (L. Lenz) C1 26 598 Debtors Control (L. Lenz) D3 26 598 (Balance transferred) JV35 30 Credit Losses 11 130 Input VAT 1 670 Debtors Control (G. Golde) D4 12 800 (Amount written off as irrecoverable) Debtors Control Date Details Fol Amount Date Details Fol Amount C Cauld (D2) Date Document Name and Number Folio Debit Credit Balance Debtor Fol D1 D2 Amount (R) 28 900 ? A. Abacus C. Cauld L. Lenz G. Golde D3 D4 17 024 40 280 List of balances in the debtors ledger of Flamingo Traders as at 30 April 2020 Debtor Fol Amount (R) A. Abacus D1 14 500 C. Cauld D2 19 200 L. Lenz D3 13 170 G. Golde D4 12 800 R189 450 Journal Totals at end the of May 2020: Debtors Journal (Debtors Control Column) (DJ5) Debtors Allowances Journal (Debtors Control Column) (DAJ5) Cashbook Receipts (Debtors Control Column) (CBR5) R29 668 R85 745 GJ5 Folio Debit (R) Credit (R) 1 900 Extract from the General Journal: Doc No. Date Details JV33 13 Sales Input VAT Debtors Control (A. Abacus) (Settlement discount of 3%) 285 D1 2 185 JV34 23 Creditors Control (L. Lenz) C1 26 598 Debtors Control (L. Lenz) D3 26 598 (Balance transferred) JV35 30 Credit Losses 11 130 Input VAT 1 670 Debtors Control (G. Golde) D4 12 800 (Amount written off as irrecoverable) Debtors Control Date Details Fol Amount Date Details Fol Amount C Cauld (D2) Date Document Name and Number Folio Debit Credit Balance Debtor Fol D1 D2 Amount (R) 28 900 ? A. Abacus C. Cauld L. Lenz G. Golde D3 D4 17 024 40 280