Please help with the question that is attached. The question is highlighted in yellow. Thank you :) QUESTION TWOReconciliation of the debtors list with the debtors control account for the monthSport Enterprises have individual accounts for their debtors in a deblors subsidiaryended 31 May 2021.ledger and have a debtors control acount in the general ledger. The balance of thedebtors control account at 1 May 2021 is R169 200. The following information wasprovided for the month ending 31 May 2021:1. Journals provided the following totals for relevant transactions:For the month ended 31 May 2021:RSales jounal: Debtors column702 000Sales returns journal6 300Cash receipts joumal: Debtors column588 800General Journal: Interest charged on overdue debtors' accounts2 100General Journal: Debtors balances written off as irrecoverable2 7002. The deblors ledger clerk submitted the following:List of debtors balances as at 31 May 2021 - debit balancesRC Gale31 500H Bolt132 300G Hunt182 700I Khune18 000RNadalO 003. Additional information to be taken into account (not included in the above):3.1 No entry has been made for a credit sale of goods to C Gale for R5 400.3.2 R Nadal's account must be written off as irrecoverable.3.3 G Hunt must be charged R1 827 interest on his overdue account.3.4 A credit note issued to I Khune for goods returned was erroneously entered inthe account of C Gale in the debtors' ledger.3.5 The sales returns journal was undercast by R900.3.6 A receipt issued to H Bolt for a payment on account of R37 800 was recorded inthe cash receipts journal but was not posted to his account in the debtors' ledger.Required:Use the above information provided to prepare the following:

Debtor control account is a ledger that tracks any amounts debtors owe to company. The balance of…

ESTION TWO t Enterprises have individual accounts for their debtors in a deblors subsidiary er and have a debtors control account in the general ledger. The balance of the ors control account at 1 May 2021 is R169 200. The following information was ided for the month ending 31 May 2021: ournals provided the following totals for relevant transactions: the month ended 31 May 2021: R les joumal: Debtors column 702 000 les returms journal 6 300 sh receipts jourmal: Debtors column 586 800 neral Journal: Interest charged on overdue debtors' accounts 2 100 neral Jourmal: Debtors balances written off as irecoverable 2 700 he debtors ledger clerk submitted the following: t of debtors balances as at 31 May 2021 – debit balances R Sale 31 500 lolt 132 300

ESTION TWO t Enterprises have individual accounts for their debtors in a deblors subsidiary er and have a debtors control account in the general ledger. The balance of the ors control account at 1 May 2021 is R169 200. The following information was ided for the month ending 31 May 2021: ournals provided the following totals for relevant transactions: the month ended 31 May 2021: R les joumal: Debtors column 702 000 les returms journal 6 300 sh receipts jourmal: Debtors column 586 800 neral Journal: Interest charged on overdue debtors' accounts 2 100 neral Jourmal: Debtors balances written off as irecoverable 2 700 he debtors ledger clerk submitted the following: t of debtors balances as at 31 May 2021 – debit balances R Sale 31 500 lolt 132 300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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