Mary Wallace a credit customer bought $375,000 worth of goods but discovered that twenty percent (20%) of

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Mary Wallace a credit customer bought $375,000 worth of goods but discovered that twenty percent (20%) of them were the wrong items. Explain how this discovery would be treated in the relevant Control Account.

January 1, 2014:	$
Purchases Ledger balance b/f- Dr	125,000
Purchases Ledger balances b/f- Cr	4,500,000
Sales Ledger balances b/f- Dr	6,750,000
Sales Ledger balances b/f- Cr	208,000
December 31, 2014:
Return outwards	300,000
Discount allowed	280,000
Cash paid to suppliers	3,350,000
Bad debt	430,000
Credit sales for the year	5,980,000
Cheques received from customers	7,200,000
Cash sales	590,000
Refunds to credit customers – a result of overpayment – a refund of cash	350,000
Discounts received	405,000
Dishonoured customers cheques	360,000
Cash purchases	600,000
Interest on overdue customers accounts	320,000
Credit purchases for the year	3,680,000
Bad debts recovered	500,000
Refunds to cash customers	80,000
Purchases ledger debit balances 31/12/14	233,000
Interest on overdue suppliers accounts	158,000
Return inwards	250,000
Sales ledger credit balances 31/12/14	300,000
Refunds from credit purchases	460,000
Cash received from debtors	850,000
Purchases ledger credit balance 31/12/14	4,231,000
Contra entry – Reduces the debt in both accounts.	620,000
Sales ledger debit balances, 31/12/14	4,222,000