Prepare the correct Creditors Control account for May 2020 after taking into account the additional information, errors and omissions. Balance the account Balance b/d June R112 000 Additional information, errors and omissions 1. The debit balance in the account of a creditor, R300, must be transferred to the Debtors ledger. 2. An invoice for goods purchased from Super Suppliers was entered in the Purchases journal as R6 400 instead of R4 600.3. A credit purchase of equipment from Minto Enterprises was not recorded, R5 000. 4. A credit note received from HD Wholesalers for trading goods returned was not recorded in the Purchases Returns Journal, R1 000. 5. Stardom Traders, a creditor, charged Oyster Traders interest on overdue account, R50

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare the correct Creditors Control account for May 2020 after taking into account the additional
information, errors and omissions. Balance the account

Balance b/d June R112 000

Additional information, errors and omissions
1. The debit balance in the account of a creditor, R300, must be transferred to the Debtors ledger.
2. An invoice for goods purchased from Super Suppliers was entered in the Purchases journal as R6
400 instead of R4 600.3. A credit purchase of equipment from Minto Enterprises was not recorded, R5 000.
4. A credit note received from HD Wholesalers for trading goods returned was not recorded in the
Purchases Returns Journal, R1 000.
5. Stardom Traders, a creditor, charged Oyster Traders interest on overdue account, R50

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