As at 1 August 2012 the Trade Receivables ledger had R216,400 debit balances and R11,450...
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As at 1 August 2012 the Trade Receivables ledger had R216,400 debit balances and R11,450 credit balance. Credit sales in August were R582.550 and sales returns R31,600. R498,200 has been received from credit customers. Identify the debit balance by the month end assuming that the only additional information provided were: R235.000 of the amount received from trade receivables were net of 696 cash discount, and R14,800 of the amount received from customers was in respect of a debt written off as bad in the previous month. Credit balances in the Trade Receivables Ledger by the month end was R9,240. R267640 R281 540 R266 740
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