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Wrigley Ltd. uses subsidiary ledgers for debtors and creditors. At 1 July 2018 debtors owed $7000 and $4000 was owing to creditors. Transactions for year
Wrigley Ltd. uses subsidiary ledgers for debtors and creditors. At 1 July 2018 debtors owed $7000 and $4000 was owing to creditors. Transactions for year ended 30 June 2019 were as follows: $ Cash purchases 6000 Credit purchases 11 000 Cash sales 15 000 Credit sales 20 000 Cash paid to creditors 9000 Cash received from debtors 18 000 Discount received from creditors 500 Discount allowed to debtors 700 Answer 2 questions below by selecting answers from the drop-down menus below. Each question awards 1.5 marks. What was the balance of the Creditors control account at 30 June 2019? What was the balance of the Debtors control account at 30 June 2019
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