The financial year of the better trading company ended on 30 November 1997. You have been asked to prepare a total DEBTORS CONTROL ACCOUNT and a total CREDITORS CONTROL ACCOUNT in order to produce end-of year figures for debtors and creditors for the draft final accounts.You are able to obtain the following information for the financial year from the books of original entry.

Sales Cash344,890

Credit268,187

Purchases Cash14,440

Credit496,600

Total receipt from customers600,570

Total payment from suppliers503,970

Discount allowed( to all credit customers)5,520

Discount received (to all credit suppliers)3,510

Balance in the sales ledger set off against balance in the purchases ledger 70

Refund given to the cash customers5,070

Bad debts written off780

Increase in provision of bad debts90

Credit notes issued to credit customers4,140

Credit notes received from the credit suppliers1,480

According to the audited financial statement for the previous year debtors and creditors as at 1 December 1996 were $ 26,555 and $ 43,450 respectively