asset

paradigm co strata co
000 000
Trade receivables 14800 9000
Trade payables 17600 13000
strata co’s current account balance with paradigm co at 31 march 20X3 was 2.8 million, which did not agree with paradigm co’s equivalent receivable due to a payment of 900000 made by strata co on 28 march 20X3 which was not received by paradigm co until 3 April 20X3.
What I think the entry should be Debit cash 900000 Credit Receivables 900000 Debit Payables 1900000 Credit Receivables 1900. Trade receivables should be 14800+9000-900-1900 =21000
Trade payables 17600+13000-1900=28700 but this is incorrect. I don’t understand why.