The following information relates to the activities of F. Head, a trader, for the year ended 30 June 20X6.

1. Bad debts written off £1,500. Purchases £482,000.

2. Cash received from customers £580,000. Purchase returns £4,000.

3. Cash paid to suppliers £490,000. Sales £615,000.

4. Discounts allowed £6,000. Sales returns £11,000.

5. Discounts received £4,200.

At 1 July 20X5 Head’s trade creditors amounted to £34,000 and his trade debtors to £46,000.

Required:

Draw up F. Head’s debtors’ and creditors’ control accounts for the year ended 30 June 20X6.