Neco 2022 Financial Accounting Question 49

A company maintains a Sales Ledger Control account with a closing balance of \(\text{₦}850,000\). The subsidiary ledger lists the following customer debit balances after transactions:\n\n- Customer X: \(\text{₦}200,000\)\n- Customer Y: \(\text{₦}150,000\)\n- Customer Z: \(\text{₦}120,000\)\n- Customer W: \(\text{₦}?\)\n\nDuring the period the following occurred:\n\n1. Credit sales of \(\text{₦}300,000\) were made to new customers (not yet recorded in the subsidiary ledger).\n2. Cash receipts of \(\text{₦}180,000\) were received from Customer X.\n3. A write‑off of \(\text{₦}20,000\) was made for an uncollectible account of Customer Y.\n\nAssuming the subsidiary ledger after these transactions must reconcile with the control account, determine the missing balance of Customer W and the amount of the credit sales that should be allocated to Customer W in the subsidiary ledger.