QUESTION FIVE

$(20$ MARKS$)$

The following information was obtained from the financial records of Fine Traders on $28$ February $20\mathrm{.}8($Ignore VAT$)$

$\backslash$table$[[,$R$],[$Balance of allowance for credit losses account $28/2/20\mathrm{.}7,510],[$Balance of trade receivables control account $28/2/20\mathrm{.}7,13400],[$List of individual debtors as per trade receivables ledger,$12420],[$Totals for the month:,$],[$Cash receipt journal:,$],[$Trade receivables column,$69140],[$Settlement discount granted column,$3000],[$Sales column,$101100],[$Trade payables column,$1400],[$Cash payment journal:,$],[$Trade payables column,$80000],[$Purchase column,$60000],[$Sales$,69020],[$Purchases journal,$53800],[$Sales return journal $($all on credit sales$),1000],[$Purchases return journal,$2150]]$

Additional information

a$.$ The trade receivables column in the cash receipts journal was overcast by R$1000$

b$.$ The trade payables column in the purchases journal was overcast by R$2000$

c$.$ A sales invoice for the amount of R$600$ was entered twice in the sales journal and posted twice to the personal account B Broad.

d$.$ Credit note no $31,$ for R$500,$ was credit to the account of T Thin, but no other entry was made in the books.

e$.$ An invoice for the amount of R$50$ was correctly entered in the purchases journal but posted as R$150$ to the account of N Narrow.

f$.$ An invoice for the amount of R$400$ was correctly entered in the purchases journal but posted as R$150$ to the account of D Dandy.

g$.$ The balance of P Pauper's account for R$1420$ has still to be written off as irrecoverable.

h$.$ It was determined that the the allowance for credit losses account should amount to R$538$ at $28$ February $20\mathrm{.}8$

i$.$ The credit losses must be written off against the allowance for credit losses account.

Required

Prepare a properly balanced trade receivables control account for the month ending February $20\mathrm{.}8.$