Question: Please, answer ASAP, it will be appeciated The Sales Journal for March 2017 was destroyed, but Washeed was able to provide the following information 2017
Please, answer ASAP, it will be appeciated
The Sales Journal for March 2017 was destroyed, but Washeed was able to provide the following information
2017 $
March 1 Debit balances in sales ledger 2,346
Credit balances in sales ledger 140
March 31 Totals for the month
Cheques received from credit customers 2,145
Cheques paid to credit suppliers 3,013
Cheques received from credit customers (included
In the cheques received) later dishonored 350
Discount allowed 55
Discount received 90
Returns by credit customers 276
Returns by credit suppliers 198
Contra entry 182
Bad debts written off 62
April 1 Debit balances in sales ledger 2,670
Credit balances in sales ledger 86
Required:
Prepare the sales ledger control account for the month of March 2017.
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