Question 1 Report
a. Ade, a trader had the following balances in the creditors ledger on October 31, 2020.
| GH? | |
| Kristy | 4200 |
| Erica | 8700 |
b. Ade, a trader had the following balances in the creditors ledger on October 31, 2020.
| GH? | |
| Kristy | 4200 |
| Erica | 8700 |
The following transactions took place in November 2020:
| November | GH? | |
| 4 | Goods bought from Kofi | 17400 |
| 4 | Returned goods to Erica | 1500 |
| 10 | Goods returned to Kofi | 900 |
| 16 | Goods bought from Mary | 10500 |
| 21 | Goods bought from Kofi | 14100 |
| 23 | Payment to Kristy after deducting discount of GH? 300 | 3900 |
| 27 | Payment to Erica after deducting discount of GH? 600 | 6600 |
All purchases were on credit while all payments made through the bank
You are required to prepare:
The individual creditors account