FUDEFOXIT READER POF1 HENREVEWDES GNREFERENCESMAILINGSVIEWFILEHOMEINSERTPAGE LAYOUT義FindX CutArial-BoldMT10AaBbCcD AaBbCcDc AaBbC AABBCCC AaB AABBCCD AaBbCcD AaBbCcDRepla哈CopyA- "y- A吉三 ,T Normal T No Spac.HeadingHeading 2TitleSubtitleSubtle Em.EmphasisA SelecPasteU - abc x, xFormat PainterEditinParagiaphStylesFontClipboard182 700G HuntI KhuneR Nadal3. Additional information to be taken into account (not included in the above):13.1 No entry has been made for a credit sale of goods to C Gale for R 5 400.3.2 R Nadal'sS 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.18 9009 000Required:Use the above information provided to prepare the following:2.1 The correct Debtors Control Account properly balanced for May 2021. (11)2.2 Reconciliation of the debtors list with the debtors control account for themonth ended 31 May 2021. (9)PAGE 3 OF 72254 WORDS8:1Type here to searchA O 4) 6 10/1.Desktop16°C&pockard bell AaBbCcD AaBbCcDc AaBbC AABBCCD AaBI AaBbCcD AaBbCcD AaHeading 2Arial-BoldMTAA Aa-令10A - - A-加。1 Normal1 No Spac.Heading 1SubtitleSubtle Em..EmTitleBIU abx x, xFontParagraphStylesQUESTION TwO [20]Sport Enterprises have individual accounts for their debtors in a debtors subsidiaryledger and have a debtors control account 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 journal: Debtors columnSales returns journalCash receipts journal: Debtors columnGeneral Journal: Interest charged on overdue debtors’ accountsGeneral Journal: Debtors balances written off as irrecoverable2. The debtors ledger clerk submitted the followingList of debtors balances as at 31 May 2021C GaleH BoltG HuntI KhuneR Nadal3. Additional information to be taken into account (not included in the above):762 0006 300586 8002 1002 700debit balancesR31 500132 300182 70018 9009 000o searchDesktop16°C

Debtors refer to a legal entity that has borrowed some money and is authorized to pay off the debt…

Nadal's account must be written off as irrecoverable. Hunt must be charged R1 827 interest on his overdue account. credit note issued to I Khune for goods returned was erroneously ente count of C Gale in the debtors' ledger. e sales returns journal was undercast by R900. receipt issued to H Bolt for a payment on account of R37 800 was re

Nadal's account must be written off as irrecoverable. Hunt must be charged R1 827 interest on his overdue account. credit note issued to I Khune for goods returned was erroneously ente count of C Gale in the debtors' ledger. e sales returns journal was undercast by R900. receipt issued to H Bolt for a payment on account of R37 800 was re

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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