7 marksSeok buys and sells goods on credit. He has three credit customers. All customers pay Seok by bank transfer.
The following balances were extracted from Seok’s sales ledger at 1 August 2023.
$ | |
Naomi | 450 |
Siena | 155 |
Bwana | 386 |
991 |
The following transactions took place in August 2023.
Aug 11 | Naomi paid $423 in full settlement of the amount she owed at 1 August |
29 | Bwana paid $400 |
The following totals are available for August 2023.
$ | |
Sales journal | 845 |
Sales returns journal | 37 |
REQUIRED
On 31 August Seok decided to write off the amount owing by Siena as an irrecoverable debt.
REQUIRED
Prepare Seok’s sales ledger control account for August 2023. Balance the account and bring down the balance at 1 September 2023.
Seok
Sales ledger control account
Date | Details | $ | Date | Details | $ |
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