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Make the creditors control account in the general ledge

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You are provided with the following extracts (totals) of the subsidiary journals for Fit Traders for March 2020.

Creditors journal

Bank                             R126 500

Creditors control                 R75 000

VAT Input                          R16 500

Sundry accounts                  R35 000

Cashbook payments

Creditors control                R74 750

VAT Input                           R9 750

Trading inventory                   R60 000

Sundry accounts                       R5 000

Creditors allowances journal

Creditors control            R25 300

VAT Output                   R3 300

Trading inventory           R20 000

Sundry accounts              R2 000

Required:

Problem 1: Prepare the creditors control account in the general ledge of Fit traders for March 2020. Assume an opening balance of R30 000.

Problem 2: Properly balance the account at the end of the month.

Reference no: EM132672789

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