Use the information given below to answer the following questions:
Plume Ltd maintains subsidiary ledgers for debtors and creditors. At 1 January 2012, debtors owed $3000 and creditors were owed $5600. Transactions for the month of January 2012 were as follows:
$$\begin{array} { l r }
& \$ \
\text { Credit sales } & 9000 \
\text { Cash sales } & 4000 \
\text { Credit purchases } & 16000 \
\text { Cash purchases } & 2000 \
\text { Cash received from debtors } & 8000 \
\text { Cash paid to creditors } & 17000 \
\text { Freight charged to debtors } & 500 \
\text { Charged debtors interest on overdue accounts } & 300 \
\text { Discount received from creditors } & 800 \
\text { Discount allowed to debtors } & 400
\end{array}$$
-What was the balance of the creditors control account at 31 January 2012?
A) $5800
B) $4600
C) $3800
D) $7400.

Question

Use the information given below to answer the following questions:
Plume Ltd maintains subsidiary ledgers for debtors and creditors. At 1 January 2012, debtors owed $3000 and creditors were owed $5600. Transactions for the month of January 2012 were as follows:
$$\begin{array} { l r } 
& \$ \
\text { Credit sales } & 9000 \
\text { Cash sales } & 4000 \
\text { Credit purchases } & 16000 \
\text { Cash purchases } & 2000 \
\text { Cash received from debtors } & 8000 \
\text { Cash paid to creditors } & 17000 \
\text { Freight charged to debtors } & 500 \
\text { Charged debtors interest on overdue accounts } & 300 \
\text { Discount received from creditors } & 800 \
\text { Discount allowed to debtors } & 400
\end{array}$$
-What was the balance of the creditors control account at 31 January 2012?
A) $5800
B) $4600
C) $3800
D) $7400.

Quizplus · Accepted Answer

The Answer of Use the information given below to answer the following questions:
Plume Ltd maintains subsidiary ledgers for debtors and creditors. At 1 January 2012, debtors owed $3000 and creditors were owed $5600. Transactions for the month of January 2012 were as follows:
$$\begin{array} { l r } 
& \$ \
\text { Credit sales } & 9000 \
\text { Cash sales } & 4000 \
\text { Credit purchases } & 16000 \
\text { Cash purchases } & 2000 \
\text { Cash received from debtors } & 8000 \
\text { Cash paid to creditors } & 17000 \
\text { Freight charged to debtors } & 500 \
\text { Charged debtors interest on overdue accounts } & 300 \
\text { Discount received from creditors } & 800 \
\text { Discount allowed to debtors } & 400
\end{array}$$
-What was the balance of the creditors control account at 31 January 2012?
A) $5800
B) $4600
C) $3800
D) $7400.

Use the Information Given Below to Answer the Following Questions