Complete and balance the Creditors Control Account on 31 May 2016 from the following information: € Creditors balance on 1 May 2016 6,100 Total credit purchases for May 5,900 Total cash paid to creditors in May 5,500 Dr Creditors Control Account Cr Date Details € Date Details € OR (Alternative Format) Creditors Control Account Date Details Dr Cr Balance € € € - Junior Cycle Business Studies - Question 7 - 2018

The total credit purchases for May are €5,900. This will be recorded as a debit entry.

The total cash paid to creditors is €5,500. This will be recorded as a credit entry.

To balance the account, add the total debits and credits:

Total Debits = €5,900 (Purchases) Total Credits = €6,100 (Balance b/d) + €5,500 (Payments) = €11,600

The Balance c/d therefore is:

Balance c/d = Total Credits - Total Debits Balance c/d = €11,600 - €5,900 = €6,500

Record this as the balance carried down (c/d) to the next month.