Show the relevant ledger accounts in the books of JETAN AGRO CHHEMICAL LIMITED

• 50 cartons at $\text{N}3,000$ each: $50 \times \text{N}3,000 = \text{N}150,000$
• 60 cartons at $\text{N}2,700$ each: $60 \times \text{N}2,700 = \text{N}162,000$
• 40 cartons at $\text{N}2,600$ each: $40 \times \text{N}2,600 = \text{N}104,000$ Total Paraforce sales: $\text{N}150,000 + \text{N}162,000 + \text{N}104,000 = \text{N}416,000$

• 35 cartons at $\text{N}2,000$ each: $35 \times \text{N}2,000 = \text{N}70,000$
• 20 cartons at $\text{N}1,700$ each: $20 \times \text{N}1,700 = \text{N}34,000$
• 25 cartons at $\text{N}1,900$ each: $25 \times \text{N}1,900 = \text{N}47,500$ Total Dragon sales: $\text{N}70,000 + \text{N}34,000 + \text{N}47,500 = \text{N}151,500$

Total gross sales = Total Paraforce sales + Total Dragon sales

Commission is 5% on total sales.

• Transportation charges: $\text{N}4,600$
• Distribution expenses: $\text{N}1,700$
• Off-Loading expenses: $\text{N}3,400$
• Insurance: $\text{N}2,300$
• Warehouse up-keep: $\text{N}3,500$ Total expenses: $\text{N}4,600 + \text{N}1,700 + \text{N}3,400 + \text{N}2,300 + \text{N}3,500 = \text{N}15,500$

Total amount due = Total gross sales - Agent's commission - Total expenses

JETAN drew a bill of exchange for 70% of the value of the goods consigned. The pro-forma invoice price for Paraforce was $\text{N}2,500$ per carton and Dragon was $\text{N}1,600$ per carton.
Number of cartons consigned:
Paraforce: 50 + 60 + 40 = 150 cartons
Dragon: 35 + 20 + 25 = 80 cartons
Total value of goods consigned at pro-forma invoice price:
Paraforce: $150 \times \text{N}2,500 = \text{N}375,000$
Dragon: $80 \times \text{N}1,600 = \text{N}128,000$
Total pro-forma value: $\text{N}375,000 + \text{N}128,000 = \text{N}503,000$
Value of bill of exchange: $70\% \times \text{N}503,000 = 0.70 \times \text{N}503,000 = \text{N}352,100$
JETAN also incurred loading and haulage expenses of $\text{N}7,000$ and $\text{N}4,000$ respectively, which are $\text{N}11,000$ in total. These are initial expenses by the consignor. The question states "Alhaji Waziri honored the bill JETAN incurred loading and haulage expenses of N7,000 and N4,000 respectively." This implies these expenses were part of the bill or settled by Waziri. However, the prompt asks for the balance due to JETAN after deducting the following expenses (which are agent's expenses). The bill of exchange is a payment already made by the consignee to the consignor.

The balance due to JETAN is the amount Alhaji Waziri needs to remit after all deductions. The bill of exchange was already honored by Alhaji Waziri. Therefore, this amount should be deducted from the total amount due to JETAN.

Balance due to JETAN = Total amount due - Bill of exchange

The final balance due to JETAN is $\text{N}171,525$.