Viginia Hotel payables control account has an opening balance of $34,500 on credit. During the month, credit purchase were $78,400, cash Purchase were $2,400 and payment made to suppliers excluding cash purchase and deducting cash discount of $1,200 were $68,900. Purchase returns were $4,700.

Required

a)Prepare the payables account and balance it off?

b)How much is the closing balance on this account?