Ifor Jones supplies the following information for the month of February 20*8: Required a) Prepare a sales
Question:
Ifor Jones supplies the following information for the month of February 20*8:
Required
a) Prepare a sales ledger control account for the month of February 20*8.
b) Prepare a purchases ledger control account for the month of February 20*8.
Transcribed Image Text:
Debit balances in sales ledger on 1 February 20*8 Debit balances in purchases ledger on 1 February 20*8 Credit balances in sales ledger on 1 February 20*8 Credit balances in purchases ledger on 1 February 20*8 Credit sales Credit purchases Cash sales Cash purchases Cash received from credit customers Cash paid to credit suppliers Discounts received Discounts allowed Returns outwards Returns inwards Transfers to purchases ledger from sales ledger Provision for doubtful debts on 29 February 20*8 Debit balances in purchases ledger on 29 February 20*8 Credit balances in sales ledger on 29 February 20*8 £ 18,539 341 450 9,557 123,921 47,509 34,652 18,674 112,659 45,620 762 673 1,290 732 489 340 65 138
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a Sales Ledger Control Account A sales ledger control account is a summary account that reflects the ...View the full answer
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