The following data has been from the books of Universal Controls plc for the month of May 19-9:

			$
1-May	Purchase ledger balances brought forward -dr		405
		- cr	6,210
	Sales ledger balances brought forward -dr		21,566
		-cr	975
31-May	Monthly totals of:	Purchase day book	44,220
		Purchase returns book	2,630
		Sales day book	86,920
		Sales returns book	4,220
		Cash book -cash paid to suppliers	38,900
		-cash received from debtors	77,840
		-discounts received column	1,400
		-discounts allowed column	3,120
		Dishonoured cheques	784
	Analysis of journal :	Bad debts written off	1,260
		Sales ledger balances offset against purchase ledger balances – Contra Entry	2,640
	Debit balances on purchase ledger accounts at 31 May 19-9		600
	Credit balances on sales ledger accounts at 31 May 19-9		800

Required

From the information given above prepare a sales ledger account and a purchase ledger control account for Universal Controls plc for the month of May 19-9.

Answer rating: 100% (QA)

Sales ledger control account is a summary account of the sales ledgerAlso known as the debtors accou... View the full answer