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Complete the debtors and creditors control accounts

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Rupert Ltd maintains subsidiary ledgers for debtors and creditors. At 31 May 2014, the debtors control account has a debit balance of$50, 120 and the creditors control account has a credit balance of $30,670. An extract of totals from the special journals for the month of June 2014 is as follows: 33 Credit sales 86,500 Cash sales 6,100 Credit purchases 93,200 Cash received from debtors 67,800 Cash paid to creditors 55,890 Cash purchases 4,300 Discount received from 7,500 creditors Discount allowed to debtors 3,500

Problem 1: Complete the debtors and creditors control accounts as they would appear in the general ledger.

Reference no: EM132619102

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