1 Lucas provided the following information for the month ended 31 March 2022.
Trade receivables ledger balances at 1 March 2022 48 220
Trade receivables ledger balances at 31 March 2022 47 830
Cash sales 8 300
Contra/set off to trade payables ledger 270
Credit customer’s cheque dishonoured 360
Credit sales 41 480
Discount allowed 410
Discount received 120
Irrecoverable debts 1 930
Receipts from credit customers 38 590
Returns inwards 1 030
Returns outwards 1 950
Prepare the trade receivables ledger control account for the month ended
31 March 2022. Balance the account on this date and bring the balance down on
1 April 2022.
Trade Receivables Ledger Control Account (8)
Date Date
Details $ Details $
2022 2022
2 Karl provided the following information for the month ended 31 March 2022.
Trade payables ledger balances at 1 March 2022
Credit balances 38 450
Debit balances 165
Trade payables ledger balances at 31 March 2022
Credit balances To be calculated
Debit balances 50
Cash purchases 4 210
Contra/set off trade receivables ledger 325
Credit purchases 28 240
Discount allowed 515
Discount received 280
Interest charged by credit suppliers 65
Payments to credit suppliers 31 400
Returns inwards 180
Returns outwards 390
Prepare the trade payables ledger control account for the month ended
31 March 2022. Balance the account on this date and bring the balances down
on 1 April 2022.
Trade Payables Ledger Control Account
(10)
Date Date
Details $ Details $
2022 2022
3 Beth provided the following information for the month ended 31 October 2022
At 1 October 2022
Trade receivables ledger balances 68 480
For the month of October 2022
Cash sales 8 435
Contra/set off trade payables ledger 558
Credit sales 56 346
Customer’s cheque dishonoured 345
Discount allowed 412
Discount received 539
Irrecoverable debts 260
Receipts from credit customers 60 940
Returns inwards 1 224
Returns outwards 922
At 31 October 2022
Trade receivables ledger credit balances 156
Trade receivables ledger debit balances To be calculated
(a) Prepare the trade receivables ledger control account for the month ended
31 October 2022. Balance the account on this date and bring the balances down
on 1 November 2022.
(10)
Trade Receivables Ledger Control Account
Date Details $ Date Details $
4 Eldin provided the following information relating to his trade receivables ledger
control account for the month ended 31 August 2020.
Credit sales 29 535
Customer overpayment refunded by cheque 160
Discount allowed 984
Interest charged 119
Irrecoverable debts 597
Receipts from credit customers 36 250
Returns inwards 380
Trade payables set-off 665
Credit balances at 31 August 2020 240
Prepare the trade receivables ledger control account for the month ended
31 August 2020. Balance the account on this date and bring the balances down
at 1 September 2020.
(10)
Trade Receivables Ledger Control Account
Date Date
Details $ Details $
2020 2020
Aug 1 Balance b/d 46 220
Chen provided the following information for the month ended 31 March 2021.
Cash purchases 2 740
Cash sales 5 650
Contra/set-off 120
Credit purchases 32 550
Credit sales 38 910
Customer’s cheque dishonoured 410
Discount allowed 720
Discount received 390
Interest charged on a customer’s overdue account 80
Irrecoverable debt 450
Payments to credit suppliers 36 070
Receipts from credit customers 44 600
Returns inwards 1 420
Returns outwards 1 050
At 31 March 2021
Trade payables ledger balances To be calculated
Trade receivables ledger balances To be calculated
5 Prepare the trade receivables ledger control account for the month ended
31 March 2021. Balance the account on this date and bring the balance down
on 1 April 2021.
(9)
Trade Receivables Ledger Control Account
Date Date
Details $ Details $
2021 2021
1 Mar Balance b/d 56 240
6 Prepare the trade payables ledger control account for the month ended
31 March 2021. Balance the account on this date and bring the balance down
on 1 April 2021.
(6)
Trade Payables Ledger Control Account
Date Date
Details $ Details $
2021 2021
1 Mar Balance b/d 42 580
