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17:16 C February 2019, the debtors control account in the General Ledger of Lesego ns showed a debit balance of R8 735, while the debtors list in the Debtors showed a total of R5 584. rors and omissions described below were found on 28 February 2019. red: e in the table provided below, how the errors and omissions should be ted in order to reconcile the control account balance with debtor's list total. General Ledger Debtors control Debtors ledger Debtors list Dr (+) Cr (-) Dr (+) Cr (-) 1. The debtors list was overcast by R500. 2. The balance of a debtor was omitted from the debtors list, R75. 3. The balance on the account of a debtor, R150, was brought down incorrectly as R15. 4. The amount on an invoice issued to A Shokane was miscalculated. The account should be R62 and not R72. 5. Payments to creditors as per the Cash Payment Journal were debited to debtors control account, R3 960. 6. The debtors' journal was undercast and posted accordingly. The total should have been R4 710, and not R4 170. 7. A credit note for R51 was recorded but not posted to the debtor's personal account. 8. The account of a debtor was balanced incorrectly. The balance should have been R71 and not R61. 9. A credit note for R142 was recorded correctly in the debtors' allowance journal but posted to the personal account as R124, 10. A credit note for R38 was recorded in the debtors' allowance journal as R83 and posted accordingly. 11.A cheque for R120 received from K Mohale was posted to the account of K Mogale and posted accordingly. 12. An invoice of R40 in the debtors' journal was posted to the credit side of T Ngwenya's account. Add a caption... > Status (Custom)

17:16 C February 2019, the debtors control account in the General Ledger of Lesego ns showed a debit balance of R8 735, while the debtors list in the Debtors showed a total of R5 584. rors and omissions described below were found on 28 February 2019. red: e in the table provided below, how the errors and omissions should be ted in order to reconcile the control account balance with debtor's list total. General Ledger Debtors control Debtors ledger Debtors list Dr (+) Cr (-) Dr (+) Cr (-) 1. The debtors list was overcast by R500. 2. The balance of a debtor was omitted from the debtors list, R75. 3. The balance on the account of a debtor, R150, was brought down incorrectly as R15. 4. The amount on an invoice issued to A Shokane was miscalculated. The account should be R62 and not R72. 5. Payments to creditors as per the Cash Payment Journal were debited to debtors control account, R3 960. 6. The debtors' journal was undercast and posted accordingly. The total should have been R4 710, and not R4 170. 7. A credit note for R51 was recorded but not posted to the debtor's personal account. 8. The account of a debtor was balanced incorrectly. The balance should have been R71 and not R61. 9. A credit note for R142 was recorded correctly in the debtors' allowance journal but posted to the personal account as R124, 10. A credit note for R38 was recorded in the debtors' allowance journal as R83 and posted accordingly. 11.A cheque for R120 received from K Mohale was posted to the account of K Mogale and posted accordingly. 12. An invoice of R40 in the debtors' journal was posted to the credit side of T Ngwenya's account. Add a caption... > Status (Custom)

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 11EA: Mirror Mart uses the balance sheet aging method to account for uncollectible debt on receivables....
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17:16 C February 2019, the debtors control account in the General Ledger of Lesego ns showed a debit balance of R8 735, while the debtors list in the Debtors showed a total of R5 584. rors and omissions described below were found on 28 February 2019. red: e in the table provided below, how the errors and omissions should be ted in order to reconcile the control account balance with debtor's list total. General Ledger Debtors control Debtors ledger Debtors list Dr (+) Cr (-) Dr (+) Cr (-) 1. The debtors list was overcast by R500. 2. The balance of a debtor was omitted from the debtors list, R75. 3. The balance on the account of a debtor, R150, was brought down incorrectly as R15. 4. The amount on an invoice issued to A Shokane was miscalculated. The account should be R62 and not R72. 5. Payments to creditors as per the Cash Payment Journal were debited to debtors control account, R3 960. 6. The debtors' journal was undercast and posted accordingly. The total should have been R4 710, and not R4 170. 7. A credit note for R51 was recorded but not posted to the debtor's personal account. 8. The account of a debtor was balanced incorrectly. The balance should have been R71 and not R61. 9. A credit note for R142 was recorded correctly in the debtors' allowance journal but posted to the personal account as R124, 10. A credit note for R38 was recorded in the debtors' allowance journal as R83 and posted accordingly. 11.A cheque for R120 received from K Mohale was posted to the account of K Mogale and posted accordingly. 12. An invoice of R40 in the debtors' journal was posted to the credit side of T Ngwenya's account. Add a caption... > Status (Custom)
Transcribed Image Text:17:16 C February 2019, the debtors control account in the General Ledger of Lesego ns showed a debit balance of R8 735, while the debtors list in the Debtors showed a total of R5 584. rors and omissions described below were found on 28 February 2019. red: e in the table provided below, how the errors and omissions should be ted in order to reconcile the control account balance with debtor's list total. General Ledger Debtors control Debtors ledger Debtors list Dr (+) Cr (-) Dr (+) Cr (-) 1. The debtors list was overcast by R500. 2. The balance of a debtor was omitted from the debtors list, R75. 3. The balance on the account of a debtor, R150, was brought down incorrectly as R15. 4. The amount on an invoice issued to A Shokane was miscalculated. The account should be R62 and not R72. 5. Payments to creditors as per the Cash Payment Journal were debited to debtors control account, R3 960. 6. The debtors' journal was undercast and posted accordingly. The total should have been R4 710, and not R4 170. 7. A credit note for R51 was recorded but not posted to the debtor's personal account. 8. The account of a debtor was balanced incorrectly. The balance should have been R71 and not R61. 9. A credit note for R142 was recorded correctly in the debtors' allowance journal but posted to the personal account as R124, 10. A credit note for R38 was recorded in the debtors' allowance journal as R83 and posted accordingly. 11.A cheque for R120 received from K Mohale was posted to the account of K Mogale and posted accordingly. 12. An invoice of R40 in the debtors' journal was posted to the credit side of T Ngwenya's account. Add a caption... > Status (Custom)
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