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Prepare a sales ledger control account

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Reference no: EM133168148

Question - The following information has been extracted from the books of Delaney Paints for the month ended 30 November 2006.

Sales ledger balances at 1 November 2006 23,261

Purchase ledger balances at 1 November 2006 14,908

Credit sales 14,720

Credit purchases 11,804

Returns outwards 533

Returns inwards 260

Discounts received 42

Discounts allowed 77

Payments to credit suppliers 9,643

Receipts from credit customers 15,106

Customer's cheque dis-honored 102

Contra (debit balance set off from the sales ledger to the purchase ledger) 55

Required - Prepare a sales ledger control account and a purchase ledger control account. Balance each account at 30 November 2006 and bring down any balances.

Reference no: EM133168148

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