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Question 9 of 26 2.0 Points Ms E Snow a debtor of MJ Stores owed R5 000 to MJ Stores which has been overdue for
Question 9 of 26 2.0 Points Ms E Snow a debtor of MJ Stores owed R5 000 to MJ Stores which has been overdue for the past 8 months. Interest on her overdue account is R250. The interest has not been recorded in the books of MJ Stores Which one of the following represents the correct general ledger entries of MJ Stores to record the interest on overdue accounts? A. General ledger Account debited Trade payables control Amount Account credited Interest income P250 CB. General ledger Account debited Interest income Account credited Trade receivables control Amount R250 C. General ledger Account debited Interest expenses Account credited Trade receivables control Amount R250 General ledger Account debited Trade receivables control Account credited Interest expenses Amount R250 E. General ledger Account debited Trade receivables control Account credited Interest income Amount R250 Reset Selection
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