Anna receives her bank statement and sees that a cheque from one of her customers has been dishonoured. 12 What entry should she make to reflect this? Cr Cash Dr Cash Cr Cash Dr Sales Cr Sales Dr Receivable's ledger Cr Receivable's ledger Dr Cash 13 George is preparing the general ledger jaurnal entry to write off an irrecoverable debt. He knows that the debit entry should be made in the receivables expense account. In which general ledger account should the credit entry be made? Sales account Bank account Receivables account Recelvables allowance account D. Kitty has trade receivables of $125,000. At 31 October 2009 she discovered that one of her customers, Mr. Fable, is bankrupt and cannot pay any of his S8,000 debt. Another customer, Mrs. Storey, is in financial difficulty and Kitty has agreed that only half of the debt of $12,500 should be paid. 14 What jourmal entry does Kitty need to post to record the above? Cr Receivables $14 250 Dr Sales $6,250 Cr Irrecoverable debts $14.250 Cr Allowance for receivables $20 500 Cr Receivables $14.250 Dr Irrecoverable debts $8,000 Dr Receivables $14,250 Dr Irrecoverable debts $20,500 Dr Irrecoverable debts $14,250 D