The following balances were extracted from the books of sisto Ltd. for the month of April 2020: Sh.'000 1,528,000 20,500

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The Following Balances Were Extracted From The Books Of Sisto Ltd For The Month Of April 2020 Sh 000 1 528 000 20 500 1 (123.1 KiB) Viewed 102 times

The following balances were extracted from the books of sisto Ltd. for the month of April 2020: Sh.'000 1,528,000 20,500 50,500 753,800 142,500 209,700 1,334,000 Debit balances (1 April 2020): Sales ledger Purchases ledger Credit balances (1 April 2020): Sales ledger Purchases ledger Discounts received Discounts allowed Purchase (including cash purchases of Sh.152,000) Cash sales Credit sales Credit notes issued to customers for returned goods Sales ledger debit balances off-set against purchases ledger Payment to creditors 618,000 3,068,200 75,000 36,900 1,359,200 L. Interest charged by creditors on overdue accounts Receipt from customers Bad debts written off Customer's unpaid cheques Interest charged to customers on overdue accounts Debt collection expenses charged to debtors Credit notes received from suppliers 69,000 2,578,000 37,200 26,100 96,100 10,800 26,700 Balances as at 30 April 2020: Purchases ledger (debt) 24,400 Sales ledger (credit) 30,700 Required: (i) Sales ledger control account for the month ended 30 April 2020. (5 marks) (ii) Purchases ledger control account for the month ended 30 April 2020. (5 marks)