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Trady Reverse has the following information extracted from the books for the months of March 2021. RM Transactions Balances on 1 March 2021 Sales ledger
Trady Reverse has the following information extracted from the books for the months of March 2021. RM Transactions Balances on 1 March 2021 Sales ledger Purchases ledger (debit) (credit) (debit) (credit) Credit sales invoiced during the month Cash purchases Credit purchases Cash received from customers Discount received from suppliers Cash sales Discount allowed to customers Bad debt written off Contra Credit sales to customers Provision for doubtful debts Carriage inwards Carriage outwards Sales return from credit customers Interest charged on overdue debt to customers Purchases return to suppliers Payment to suppliers by cheque Balances on 31 March 2021 Sales ledger Purchases ledger 78,000 6.700 5,600 57,000 43,885 37,100 48,500 36,585 1.200 23,100 1,300 2,000 15,185 43.100 2,100 2,500 3.100 6,480 900 1.400 32,190 (debit) (cebit) 31.900 23.750 Required to prepare: (a) Sales Control account. (14 marks) (b) Purchases Control account. (11 marks)
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