Shoemart’s ledger reports that it owes £128,900 to Whites, a supplier; whereas the corresponding figure stated in Whites’ monthly statement is £154,700. The difference is found to have arisen from:

(a) A purchase invoice for £73,500 has been posted to Whites’ account as £37,500

(b) Whites have overlooked a 4% cash discount entitlement when a cheque for £33,600 was paid to them

(c) The difference arises from returns for which the credit note is yet to be received The amount of purchases returns is:

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a £8,800 b £11,600 c £1,544 C d £60,400