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Question 1 Tight-Piece Traders had the following balances in the books on 31 December 2021: During January 2022 the following transactions took place: 1. Henchard

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Question 1 Tight-Piece Traders had the following balances in the books on 31 December 2021: During January 2022 the following transactions took place: 1. Henchard could not be traced. His account must be written off as irrecoverable. 2. Mavara was declared insolvent and the business only received ( 10c in rand) from his liquidation estate. The balance due must be written off as bad debts. 3. Madikane informed the business that he could not meet his obligation. His account must be written off. 4. P, Chick, a debtor written off previously settled his account R560. 5. Other debtors account settled during the month amounted to R6 800 . 6. Credit sales made towards the end of the month amounted to R5 300 . Required: 1.1 General Joumal entries for the above transactions. Narrations are required. (21)

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