Question 13 - 7707/11/M/J/24

Updating the sales ledger control account balance Steps:

Start with opening debit balance of $1750.
Add credit sales of $215 to get$ 1965.
Subtract sales returns of $360 to get$ 1605.
Subtract cheques received of $1480 to get$ 125.
Subtract irrecoverable debts written off of $280 to get -$ 155; the $5 l a c k s c l e a r c o n t e x t f o r e n t r y (e . g ., i n t e r e s t o r d i s c o u n t) . N o t e n o u g h i n f o r m a t i o n t o c o n f i r m a p o s i t i v$ 5 phrasing is ambiguous.

Final answer: Not enough information.