Balance on the payables ledger control account ( video below)

At 1 May 20X8, the payables ledger control account showed a balance of $35,580.

At the end of May the following totals are extracted from the subsidiary books for May:

$

Purchases day book                                                                           45,950

Returns outwards day book                                                             6,873

Returns inwards day book                                                                3,310

Payments to payables, after deducting $358 cash discount     49,090

It is also discovered that:

(a) The purchase day book figure is net of sales tax at 20%; the other figures all include sales tax.

(b) A customer’s balance of $605 has been offset against his balance of $913 in the payables ledger.

(c) A supplier’s account in the payables ledger, with a debit balance of $200, has been included on the list of payables as a credit balance.

What is the corrected balance on the payables ledger control account?

Answer