R Trade receivables control account (1 March 20.19) Allowance for credit losses (1 March 20.19) 11 000 648 Credit losses recovered 500 Credit sales 61 000 Settlement discount granted 840 Additional information 1. During the year R54 000 was received from debtors in respect of credit sales. 2. Debtor, P Kleinman, was declared insolvent and his account of R100 has to be written off. 3 It was determined that the allowance for credit losses account should amount to R510 at 28 February 20.20. The cre losses that occur during the year must be written off against the credit losses account. Which one of the following options represents the correct allowance for credit losses account in the general ledger of Tshwa Dry Cleaners: Cr A. TSHWANE DRY CLEANERS GENERAL LEDGER Dr Allowance for credit losses 20.20 Febr 28 Trade receivables control Balance bid R 20.19 Mar R 648 1 Balance bid 138 510 858 353 Mar 1 Balance bid 205 B. TSHWANE DRY CLEANERS GENERAL LEDGER Allowance for credit losses 20.20 Febr Credit losses Balance bo R 2019 Mar Or R 048 1 Ba ance old 138 648 Nar 048 138 1 Balance bla . C. TSHWANE DRY CLEANERS GENERAL LEDGER Allowance for credit losses Dr 20.20 Cr Febr 28 Balance R 1 158 bld R 648 1 Balance b/d 20.19 Mar 20.20 Febr 28 Credit losses 510 1 158 1 158 Mar 1 Balance bid 1 158 . D. TSHWANE DRY CLEANERS GENERAL LEDGER Dr Allowance for credit losses 20.20 Febr 28 Credit losses Balance b/d R 138 510 20.19 Mar Cr R 648 1 Balance bid 648 648 Mar 1 Balance bid 510 E. TSHWANE DRY CLEANERS GENERAL LEDGER Dr Allowance for credit losses 20.20 Febr 28 Balance b/d Or R 20.19 R 1 158 Mar 1 Balance bild 648 20.20 Febr 28 Trade receivables control 1 158 510 1 158 1758 Mar 1 Balance bo Resel Selection