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  3. 2.2 time left 2:26:50 tyrell proves the accuracy o

2.2 Time left 2:26:50 Tyrell proves the accuracy of its sales and purchase ledgers by...

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Accounting

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2.2 Time left 2:26:50 Tyrell proves the accuracy of its sales and purchase ledgers by preparing monthly control At 1 May 2018 the following balances existed in the company's accounting records, and the control accounts agreed: Sales ledger control account N$1 88 360 (Dr) N$ 2 140 (Cr) Purchase ledger control account N$120 (Dr) N$ 89 410 (Cr) The following are the totals of transactions during May 2018, as extracted from the company's records. Credit sales Credit purchases 101,260.00 68,420,00 9,160.00 Returns inwards 4,280.00 91,270.00 71,840.00 Returns outwards Cash received from customers Cash paid to suppliers Cash discount allowed Cash discount received Inrecoverable debts written off Contra settlement 1,430.00 880.00 46.00 480.00 Required: Prepare the sales and purchases ledger control account showing the closing balances (17)

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