Question 4 Using the following information for Matthew for the month of January 2020 Page 4 of 6 Sales ledger balances as at 1 January 2020 Purchase ledger balances as at 1 January 2020 Credit sales for January Credit purchase for January Cash sales Cash purchases Cash and bank receipts in respect of credit sales Dishonoured cheques Contra from sales ledger against purchase ledger balances Returns inwards/ Sales Returns Bad debts Allowance for Doubtful Debt Payments made for credit purchases Discount allowed Discount received Returns outwards/Purchase Returns Sales ledger balances as at 31 January 2020 Purchase ledger balances as at 31 January 2020 12,645 14,60 5 72,51 9 76,47 8 5,558 9,785 61,985 895 880 1,289 11,025 9,000 61,367 1,685 788 397 9,316 27,651 Required: i. Draw the sales ledger control account and comment on the balance carried forward