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Use the Information Given Below to Answer the Following Questions

question 8

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Use the information given below to answer the following questions:
Plume Ltd maintains subsidiary ledgers for debtors and creditors. At 1 January 2012, debtors owed $3000 and creditors were owed $5600. Transactions for the month of January 2012 were as follows:
$ Credit sales 9000 Cash sales 4000 Credit purchases 16000 Cash purchases 2000 Cash received from debtors 8000 Cash paid to creditors 17000 Freight charged to debtors 500 Charged debtors interest on overdue accounts 300 Discount received from creditors 800 Discount allowed to debtors 400\begin{array} { l r } & \$ \\\text { Credit sales } & 9000 \\\text { Cash sales } & 4000 \\\text { Credit purchases } & 16000 \\\text { Cash purchases } & 2000 \\\text { Cash received from debtors } & 8000 \\\text { Cash paid to creditors } & 17000 \\\text { Freight charged to debtors } & 500 \\\text { Charged debtors interest on overdue accounts } & 300 \\\text { Discount received from creditors } & 800 \\\text { Discount allowed to debtors } & 400\end{array}
-What was the balance of the debtors control account at 31 January 2012?


Definitions:

Descriptive Research

A type of research that aims to observe, describe, and document aspects of a situation as it naturally occurs.

Research Methods

Systematic strategies, techniques, and approaches used to conduct scientific investigations and gather empirical data.

Psychological Perspectives

General points of view used for explaining people’s behavior and thinking, whether normal or abnormal.

Founders

Individuals who establish an organization or company.

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