Updating the sales ledger control account balance
Steps:
- Start with opening debit balance of $1750.
- Add credit sales of 215toget1965.
- Subtract sales returns of 360toget1605.
- Subtract cheques received of 1480toget125.
- Subtract irrecoverable debts written off of 280toget−155; the 5lacksclearcontextforentry(e.g.,interestordiscount).Notenoughinformationtoconfirmapositivedebitbalance,astransactionsresultinoverpayment/negative,and5 phrasing is ambiguous.
Final answer: Not enough information.