Trade Creditor's Reconciliation The information given below was extracted from the records of Maldives Traders for May 2021. INFORMATION Credit balance in the Creditors control account on 01 May 2021 R256 500 Transactions for May 2021 (excluding the additional information below): R R Merchandise purchased on credit 660 600 Merchandise purchased by cheque 446 400 Cheques issued to creditors in payment of accounts and discounts received 642 150 Merchandise returned to creditors 7 560 Stationery purchased on account 14 400 Interest charged by a creditor on an overdue account 270 CREDITORS LIST AS AT 31 MAY 2021 Creditor Debit Credit Union Limited 41 400 2 700 Ocean Suppliers 63 180 Tropical Manufacturers 169 200 Villa Enterprises 30 600 Coral Wholesalers 2 700 304 380 Additional information not yet recorded: The balance in the accoun of Coral Wholesalers must be transferred to their account in ira Debtors ledger. 2. A credit note received from Union Limited for merchandise retumed was not recorded in the Purchases Retums Journal, R8 100. 3. An invoice received from Tropical Manufacturers for goods purchased was correctly entered in the Purchases joumal as R7 500 but erroneously posted to their account as R9 120 in the Creditors ledger An electronic funds transfer to Ocean Suppliers in part settlement of account was not recorded in the Cash Payments Journal, R6 300 5. A cheque to Villa Enterprises for R9 000 was correctly recorded in the Cash Payments Journal but treated as a purchase in the supplier's account in the Creditors ledger. 1.1 REQUIRED (11 marks) Prepare the correct Creditors Control account for May 2021. Balance the account. 1.2 REQUIRED: (9 marks) Prepare the corrected Creditors List as at 31 May 2021