The following receivables ledger control account prepared by a trainee accountant contains a number of errors:
RECEIVABLES LEDGER CONTROL ACCOUNT
$ $
20X4 20X4
1 Jan Balance 614,000 31 Dec Credit sales 301,000
31 Jan Cash from credit customers 311,000 Discounts allowed 3,400
Contras against amounts Irrecoverable debts
due to suppliers in written off 32,000
payables ledger 8,650 Interest charged on overdue
accounts 1,600
Balance 595,650 933,650
933,650
What should the closing balance on the control account be after the errors in it have been corrected?