At 1 April 20X9, the payables ledger control account showed a balance of $142,320. At the end of April the following totals are extracted from the subsidiary books for April:
?????????????????????????????????????????????????????????????????????????????????????????????? ?? ??$
Purchases day book???????????????????????????????????????????????????????????? ?? 183,800
Returns outwards day book????????????????????????????????????????????????? ?? ?27,490
Returns inwards day book????????????????????????????????????????????????????? ?? 13,240
Payments to payables, after deducting $1,430 cash discount?196,360
It is also discovered that:
(a)?The purchase day book figure is net of sales tax at 17.5%; the other figures all include sales tax.
(b)?A customer's balance of $2,420 has been offset against his balance of $3,650 in the payables ledger.
(c)?A supplier's account in the payables ledger, with a debit balance of $800, has been included on the list of payables as
a credit balance
What is the corrected balance on the payables ledger control account?
