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The following was extracted from the accounting records of One Time Services who have a Debtors Control account in the general ledger and a debtors

The following was extracted from the accounting records of One Time Services who have a Debtors Control account in the general ledger and a debtors subsidiary ledger in which individual debtors' accounts are maintained. The balance of the Debtors' control account at 31 March 2021 of R 168 750 did not equal the total of the list of debtors of

RI 87 200 as at the same date

List of debtors as at 31 March 2021

T Jones

P Chopra

N Zulu

M Pitso

H Son

Total of the list of debtors

15 750

66 150

91 350

9 450

4 500

187 200

General Ledger: One Time Services

DR

Debtors Control Account

CR

1 .3

31.3

1.4

Balance b/d

Sales

Interest Income

Balance b/d

84 600

381 000

1 050

31.3

CRJ Debtors colum

Sales returns Credit losses

Balance c/d

293 400

3 150

1 350

168 750

466 650

466 650

168 750

Additional information:

I . H Son's account of R4 500 must be written off as irrecoverable,

  1. A credit note issued to M Pitso for R2 250 was erroneously entered into T Jones's account
  2. A receipt issued to P Chopra for R 18 900 for payment towards her account

was recorded correctly in the Cash Receipts Journal but was not posted to his account in the Debtors' ledger.

  1. N Zulu must be charged R914 interest on his overdue account.
  2. A sale to T Jones on credit for R2 700 needs to be recorded,
  3. The sales returns journal was undercast by R450.

Required:

Prepare the following for One Time Services as at 31 March 2021

  1. I A Debtors' Control account showing the corrected balance,

5.2 A list of debtors showing the corrected total.

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