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Hi please solve step by step in detail with theory a, On 31 20.17, the trade receivables ledger of Rainbow Traders showed the following trade
Hi please solve step by step in detail with theory
a, On 31 20.17, the trade receivables ledger of Rainbow Traders showed the following trade receivables (ignore any VAT implications): LIST Of TRADE RECEIVABLES: MAY 20.17 Name Moloi . Best Perfect Architect En-aly Tin Balance 20 566 474 1 192 1 602 3 960 27 794 b- On 31 May 20.17, the trade receivables control account showed a preliminary balance of R30 246. After an Investigation of the individual accounts, source documents and other relevant information, the following omission was detected: Best Stationers was declared insolvent and could only pay R54 to settle their account. The bank entries have been made, but no entries regarding the irrecoverable porton were made. What will the general journal entries for the irrecoverable debt transaction be in the books of Rainbow Traders? Drag the correct answer Into the correct space, An option can be used more than once. Round th,e amounts off to the nearest Rand. Trade receivables contrcVBest Stat'Cns RAINBOW TRADERS ENERAL JOURNAL- MAY 20.17 Date 31 Details Fol Debit payables contrcAi8est Stationers AJ'owance credit losses Credit rece'v.ues ccntro Credn iosses
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