Ace Wholesalers’ have control accounts in the general

Ace Wholesalers’ have control accounts in the general ledger and subsidiary ledgers for their individual debtors’ and creditors’ accounts. The balance in the control account is reconciled with the total of the relevant subsidiary ledgers on a monthly basis. The following information was extracted from the financial records of Ace Wholesalers for the month of March 2021: Details R Totals at 1 March 2021: List of debtors – debit balances List of debtors – credit balances 63 820 1 450 BACHELOR OF COMMERCE IN SUPPLY CHAIN MANAGEMENT YEAR 1 ACADEMIC AND ASSESSMENT CALENDAR – DISTANCE REGENT BUSINESS SCHOOL (RBS) – JANUARY 2021 28 List of creditors – credit balances 48 900 Transactions for the month ended 31 March 2021: Goods sold to customers for cash Goods sold to customers on credit Cash received from debtors Goods bought from suppliers for cash Goods bought from suppliers on credit Cash paid to creditors Credit notes granted to debtors for goods returned by them Credit notes received from suppliers for goods returned to them Interest charged on overdue debtors’ accounts  463 700 229 640 218 270 172 420 152 300 128 500 24 770 27 040 2 630 31 March 2021: Total of credit balances in the Debtors’ subsidiary ledger 890 Required: Prepare the following for Ace Wholesalers for the month ended 31 March 2021: 5.1 Debtors’ control account (8) 5.2 Creditors’ control account