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Accounting reconciliations

Example 5

Cathy maintains a sales ledger control account. At 31 March 20X1, the
balance on the control account was calculated as being $128,545, whilst the
total of individual balances extracted from the sales ledger was $128,106.

An examination of the books and records revealed the following:

 The total of $29,450 for sales in the sales daybook had been posted as
$29,540.

 The credit balance of $128 on a receivable account had been listed as a
debit balance.

 An irrecoverable debt of $240 had been correctly written off in the
receivable account, but no entry had been made in the control account.

 Discounts allowed totalling $185 had been entered on the wrong side of
the control account.

 A credit balance of $95 in the purchase ledger had been set off against
the same person’s balance in the sales ledger, but no entries had been
made in the control account.

 The total on the debit side of a receivable account had been overcast by
$100.

Required:

Reconcile the sales ledger control account balance with the list of sales
ledger balances.

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