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At the end of a financial year, the debit balance on a trader’s sales ledger control account was $\$ 26800$. At the same date, his sales ledger balances totalled $\$ 30000$. He discovered the following.

1 A dishonoured cheque of $\$ 1000$ had been omitted from the sales ledger control account.  

2 A sales ledger credit balance of $\$ 500$ had been listed as a debit balance. 

3 The sales journal had been undercast by $\$ 1200$. 

What was the amount of trade receivables to be included in the statement of financial position?

 

1 ) 

$\$ 26600$

2 ) 

$\$ 29000$

3 ) 

$\$ 29500$

4 ) 

$\$ 31000{\text{ }}$

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