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The following was extracted from the books of Rocco Papas. Balances on 1 April 2021 Debits: Credits: Receivables control...

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The following was extracted from the books of Rocco Papas. Balances on 1 April 2021 Debits: Credits: Receivables control Payables control Bad debts Receivables control Totals on 30 April 2021 Sales journal Credit side: Payables control Allowance for credit losses Purchase journal Sales returns journal Purchase returns journal Bank account on 30 April 2021 Receivables Debit side: Sales Receivables Payables Purchases Credits: Balances on 30 April 2021: Debits: Receivables control Payables control Receivables control Payables control Except for the above, the following also took place: Info 20 Info 21 Info 22 Info 23 REQUIRED: Prepare the following ledger accounts for April 2021: • Receivables control 9 300 225 1080 360 5400 465 Payables control • Allowance for credit losses Please note: Rocco Papas is NOT registered for VAT purposes. 38 400 39 300 2100 390 42 150 46 500 975 36 750 40 000 ? 240 600 ? Info 1 Info 2 Info 3 Info 4 Info 5 Info 6 Info 7 Info 8 Info 9 Info 10 Info 11 Info 12 Info 13 Info 14 Info 15 Moodley's debt of R345 must be written off as irrecoverable. Versa's account must be charged with R60 interest. Receivable Hooper's debit balance of R750 must be transferred to his account on the payables ledger. The allowance for credit losses must be adjusted to R363. Info 16 Info 17 Info 18 Info 19 (18)

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Related Book For  answer-question
Intermediate Accounting

Intermediate Accounting

ISBN: 978-1119503668

17th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel

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Question Details
Chapter # 22
Section: Problems
Problem: 10
Posted Date: September 14, 2023 07:16:25
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