Reference no: EM132788469

Sellers plc have closed their accounts for the month of February. The total of all the individual balances in the sales ledger at the end of the month came to £205,640. The accounts receivable balance in the general ledger at that time was £225,000.

After an investigation you discover that;

1. A sales invoice for £12,900 included in the sales day book had not been posted to the customer's individual account in the sales ledger.
2. Discounts allowed to a customer of £1,260 had been credited to the customer's account in the sales ledger but no other entry had been made for them.
3. A sales return (goods sent back to Sellers plc from a customer) for £3,000 had been recorded twice in the general ledger.
4. A sales invoice for £9,400 had been entirely omitted from the books.
5. A debit balance of £7,400 on the personal account of a customer had been included in the list of balances as £4,700.
6. The balance on a customer account in the sales ledger of £5,500 had been omitted from the list of balances.

You are required to;

Problem A - Calculate the correct amount for accounts receivable in the general ledger. B- Produce a reconciliation of the sales ledger to the general ledger.