On 31 March 2012, the Trade receivables control account, maintained as part of the double-entry system by Bruce Stationers, showed a debit balance of £346,800 and a credit balance of £16,200. These do not agree with the sum of the balances extracted from the individual accounts in the Trade receivables ledger. Subsequent inquiries reveal as follows:

(a) A sale of £12,400 has been posted to the customer in the Trade receivables ledger as £21,400.

(b) On 19 March 2012 total of the Sales Day Book has been added as £116,400 instead of £114,800.

(c) The dishonour of a cheque for £6,800 has been posted to the credit of the customer’s account.

(d) A credit balance of £2,800 in a customer’s account has been listed as a debit balance in the list of balances.

(e) The Discount column on the Receipt side of the Cash Book has been added as £21,600 instead of £22,200.

(f) A payment of £160 for delivering goods to a customer’s residence has been posted in error to the customer’s account (as well as the Control account) instead of the Delivery expense account in the Nominal ledger.

(g) £2,600 written off as bad debt has not been entered in the Control account.

(h) Because of a casting error when balancing a customer’s account, £26,700 is reported as receivable from that customer whereas the correct amount should be £29,700.

(i) A debt-collecting expense of £650 incurred in obtaining judgement against a trade receivable remains unpaid. This item is still to be charged to the customer in the Sales ledger and to be included in the Control account.

(j) The recovery of £7,200 in respect of debts written off in the previous year has been posted to the credit of the Control account.

(k) The recovery of a debt of £8,200 by offset contra is yet to be recorded in either of the Control accounts.

(l) A 5% settlement discount, claimed by a customer from whom a cheque for £4,275 was received, though approved is still to be accounted for.

Required: 

Prepare a reconciliation of the Trade receivables ledger balances with the balances in the Control account, identifying the sum of the individual Trade receivable ledger balances prior to embarking on the reconciliation.