b) Given below are summaries of transactions with receivables for the month of February for a business. The balance on the sales ledger control account at 1 February was P4,268. Goods sold on credit Goods returned by credit customers Irrecoverable debts Money received from credit customers Discounts allowed Contra entries Prepare the Sales Ledger Control Account. P15,487 P995 P210 P13,486 P408 P150

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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b) Given below are summaries of transactions with receivables for the month of February for a business. The
balance on the sales ledger control account at 1 February was P4,268.
Goods sold on credit
Goods returned by credit customers
Irrecoverable debts
Money received from credit customers
Discounts allowed
Contra entries
Prepare the Sales Ledger Control Account.
P15,487
P995
P210
P13,486
P408
P150
Transcribed Image Text:b) Given below are summaries of transactions with receivables for the month of February for a business. The balance on the sales ledger control account at 1 February was P4,268. Goods sold on credit Goods returned by credit customers Irrecoverable debts Money received from credit customers Discounts allowed Contra entries Prepare the Sales Ledger Control Account. P15,487 P995 P210 P13,486 P408 P150
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