?The following receivables ledger control account has been prepared by a trainee accountant:
RECEIVABLES LEDGER CONTROL ACCOUNT
??????????????????????????????? ???????????????? ?? ?$????????????????????????????????????????????????????????????????????????????? ??$
20X5????????????????????????????????????????????????????? ????????????? 20X5
1 Jan?????? ?? ?Balance????????? ???? ?318,650?????? 31 Jan Cash from credit customers????????? 181,140
??????????????? ?? Credit sales?????????? 161,770????????????? ?Interest charged on overdue???
???????????????????????????????????????????????????????????????????????????????? ?accounts??????????????????????????????????????? ??280?
???????????????? ?Cash sales???????????? ?84,260????????????Irrecoverable debts written off??????????????? ?1,390?
???????????? ?Discounts allowed to???????????????????????????Sales returns from credit?
????????????????????????????????????????????????????????????????????????? ?credit customers????????????????????????????????? ? 1,240?
?????????????????????????????????????????????????????????????????????????????????? customers???????????????????????????????????? ?3,990
What should the closing balance at 31 January 20X5 be after correcting the errors in the account?