Gce Model Questions Vol1 2024 Financial Accounting Question 36

The following transactions were recorded in June: - Cash receipts book shows total receipts of \(\text{₦}150,000\), which include cash sales and cash received from debtors. - Cash sales amount to \(\text{₦}120,000\) (recorded in the cash receipts book). - Credit sales of \(\text{₦}85,000\) were entered in the sales journal. - Sales returns of \(\text{₦}12,000\) were entered in the sales returns journal. - Cash purchases of \(\text{₦}45,000\) were entered in the cash payments book. - Credit purchases of \(\text{₦}70,000\) were entered in the purchases journal. - Purchase returns of \(\text{₦}5,000\) were entered in the purchase returns journal. The trial balance shows a debit balance in the Sales Ledger Control Account (debtors) of \(?\) at month‑end. Using the information above, determine the correct debit balance in the Sales Ledger Control Account.