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Gizmo Enterprises provided you with the following information regarding the list of totals and balances on 28 February 2008 R Total of the trade receivables
Gizmo Enterprises provided you with the following information regarding the list of totals and balances on 28 February 2008
RTotal of the trade receivables column in the sales journal.317 975Total of the trade payables column in the purchases journal..247 825Total of the trade receivables column in the sales returns journal..5 175Total of the trade payables column in the purchases returns journal9 890 BALANCES OF GENERAL LEDGER ACCOUNTS Balance of allowance for credit losses (1/03/20.7)4 040Balance of trade receivables control account (1/03/20.7)...45 885Additional information
Gizmo Enterprises received a credit note that was issued by Mrs A Steinhoff for R690. Mrs Steinhoffs account in the trade payables ledger was debited with R690 but no entry was made in the general ledger of Gizmo Enterprises.
Gizmo Enterprises is a registered VAT vendor.
What will the correct general ledger entries be for purchases returns for Gizmo Enterprises on 28 February 2008?
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