The following was extracted from the accounting records of One Time Services who have a Debtors Control account in the general ledger and a debtors subsidiary ledger in which individual debtors' accounts are maintained. The balance of the Debtors' control account at 31 March 2021 of R 168 750 did not equal the total of the list of debtors of RI 87 200 as at the same date List of debtors as at 31 March 2021 T Jones P Chopra N Zulu M Pitso H Son Total of the list of debtors 15 750 66 150 91 350 9 450 4 500 187 200 General Ledger: One Time Services DR Debtors Control Account CR 1 .3 31.3 1.4 Balance b/d Sales Interest Income Balance b/d 84 600 381 000 1 050 31.3 CRJ — Debtors colum Sales returns Credit losses Balance c/d 293 400 3 150 1 350 168 750 466 650 466 650 168 750 Additional information: I . H Son's account of R4 500 must be written off as irrecoverable, A credit note issued to M Pitso for R2 250 was erroneously entered into T Jones's account A receipt issued to P Chopra for R 18 900 for payment towards her account was recorded correctly in the Cash Receipts Journal but was not posted to his account in the Debtors' ledger. N Zulu must be charged R914 interest on his overdue account. A sale to T Jones on credit for R2 700 needs to be recorded, The sales returns journal was undercast by R450. Required: Prepare the following for One Time Services as at 31 March 2021 I A Debtors' Control account showing the corrected balance, 5.2 A list of debtors showing the corrected total.
The following was extracted from the accounting records of One Time Services who have a Debtors Control account in the general ledger and a debtors subsidiary ledger in which individual debtors' accounts are maintained. The balance of the Debtors' control account at 31 March 2021 of R 168 750 did not equal the total of the list of debtors of
RI 87 200 as at the same date
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List of debtors as at 31 March 2021 |
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T Jones P Chopra N Zulu M Pitso H Son Total of the list of debtors |
15 750 66 150 91 350 9 450 4 500 |
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187 200 |
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General Ledger: One Time Services
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DR |
Debtors Control Account |
CR |
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1 .3 31.3 1.4 |
Balance b/d Sales Interest Income Balance b/d |
84 600 381 000 1 050 |
31.3 |
CRJ — Debtors colum Sales returns Credit losses Balance c/d |
293 400 3 150 1 350 168 750 |
|
466 650 |
466 650 |
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168 750 |
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Additional information:
I . H Son's account of R4 500 must be written off as irrecoverable,
- A credit note issued to M Pitso for R2 250 was erroneously entered into T Jones's account
- A receipt issued to P Chopra for R 18 900 for payment towards her account
was recorded correctly in the Cash Receipts Journal but was not posted to his account in the Debtors' ledger.
- N Zulu must be charged R914 interest on his overdue account.
- A sale to T Jones on credit for R2 700 needs to be recorded,
- The sales returns journal was undercast by R450.
Required:
Prepare the following for One Time Services as at 31 March 2021
- I A Debtors' Control account showing the corrected balance,
5.2 A list of debtors showing the corrected total.
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