Assume that Xinshan’s China sold merchandise to three customers during June on credit, as shown in the following Accounts Receivable Control account.

	General Ledger Accounts Receivable Control
	Date	Explanation	Post Ref	Debit	Credit	Balance
	1/6   5/6 30/6 30/6	Balance	GJ8   S9 CR6	5 275	630 3 700	4000  3 370 8 645  4 945

Required

Explain why the control account and related subsidiary ledger are not in balance. All postings to the subsidiary ledger were correct. Prepare the corrected control account.

Transcribed Image Text:

Subsidiary Ledger A. Pedder E. Kilmore 1 560 Bal. 1/6 5/6 GJ8 1/6Bal. 360 1 320 1 320 17/6 CR6 1 750 9/6 S9 2 900 10/6 CR6 1 560 15/6 S9 M. Farnsworth 1/6 Bal. 840 1 120 24/6 CR6 1 075 27/6S9