1. The allowance for credit losses account has an opening balance of R4 500. The policy requires the allowance to equate 8% of the total accounts receivable. The debtors sub-ledger totalled R52 000 prior receiving 40 % in the rand on an account of R3 000. The financial manager instructed the write off on the balance. prepare a table with the following: Entry| General Ledger |Debit| Credit