Mathematics · Accounting Principles

A trainee accountant prepared a Receivables Ledger Control Account with an opening balance of $308,600. The debit side included Credit Sales ($154,200), Interest charged on overdue accounts ($2,400), and Cash Sales ($88,100). The credit side included Cash received from credit customers ($148,600), Irrecoverable debts written off ($4,900), Contras against credit balances in payables ledger ($4,600), and Allowance for receivables ($2,800), resulting in a closing balance of $396,800. What should the correct closing balance be once all errors are corrected?