The following receivables ledger control account has been prepared by a trainee accountant: RECEIVABLES LEDGER CONTROL ACCOUNT $ $ 20X5 20X5 1 Jan Balance 318,650 31 Jan Cash from credit customers 181,140 Credit sales 161,770 Interest charged on overdue accounts 280 Cash sales 84,260 Irrecoverable debts written off 1,390 Discounts allowed to Sales returns from credit credit customers 1,240 customers 3,990 What should the closing balance at 31 January 20X5 be after correcting the errors in the account?
A、$292,380
B、$295,420
C、$292,940
D、$377,200
A、$292,380
B、$295,420
C、$292,940
D、$377,200
【参考答案及解析】
$ $ Returns outwards 27,490 Balance b/f 142,320 Payments to payables 196,360 Credit purchases (183,800 x 1.175) 215,965 Discount received 1,430 Contra 2,420 Balance c/f 130,585 358,285 358,285
$ $ Returns outwards 27,490 Balance b/f 142,320 Payments to payables 196,360 Credit purchases (183,800 x 1.175) 215,965 Discount received 1,430 Contra 2,420 Balance c/f 130,585 358,285 358,285