A firm in lagos keeps two sales ledgers One for customers from lagos island and...

A firm in lagos keeps two sales ledgers One for customers from lagos island and the other for customer from lagos mainland.
Lagos Island Lagos Mainland
19-8 N N
Oct 1 Balances: Dr 2,500 800
cr 125 -
" 31 Sales 29,000 32,000
" 31 returns 180 290
" 31 Cash received from customers 28,100 29,300
" 31 Cash paid to customers 50 -
" 31 Discount allowed 1,700 1,900
" 31 Balance Cr - 30
On 31 October 19-8 the following transfers were made:
a. An account with a debit balance of N250 was transferred from Lagos Mainland sales Ledger to that of Lagos Island.
b. A credit balance of N75 was transferred from Lagos Island sales Ledger to that of Lagos Mainland.
From the information given above you are required to write up the sales Ledger Control account for each area appropriately headed

(Please explain and show workings)?

In Accounting
1 Answers Available
Asked by Lola Fash on 14th October, 2020