Question: QUESTION 2 (18 marks) The following was extracted from the books of Rocco Papas. Balances on 1 April 2021 Debits: Receivables control 9 300 Info

QUESTION 2 (18 marks) The following was extracted from the books of Rocco Papas. Balances on 1 April 2021 Debits: Receivables control 9 300 Info 1 Payables control 225 Info 2 Bad debts 1 080 Info 3 Credits: Receivables control 360 Info 4 Payables control 5 400 Info 5 Allowance for credit losses 465 Info 6 Totals on 30 April 2021 Sales journal 38 400 Info 7 Purchase journal 39 300 Info 8 Sales returns journal 2 100 Info 9 Purchase returns journal 390 Info 10 Bank account on 30 April 2021 Debit side: Receivables 42 150 Info 11 Sales 46 500 Info 12 Credit side: Receivables 975 Info 13 Payables 36 750 Info 14 Purchases 40 000 Info 15 Balances on 30 April 2021: Debits: Receivables control ? Info 16 Payables control 240 Info 17 Credits: Receivables control 600 Info 18 Payables control ? Info 19 Except for the above, the following also took place: Info 20 Moodley's debt of R345 must be written off as irrecoverable. Info 21 Versa's account must be charged with R60 interest. Info 22 Receivable Hooper's debit balance of R750 must be transferred to his account on the payables ledger. Info 23 The allowance for credit losses must be adjusted to R363. REQUIRED: Prepare the following ledger accounts for April 2021: Receivables control Payables control . Allowance for credit losses (18) Please note: Rocco Papas is NOT registered for VAT purposes

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