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Prepare the creditors control account in the general ledge

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Question - 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 -

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

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

Reference no: EM132709661

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