REQUIRED Prepare the general journal entries to record the adjustments in the books of Braban Traders for the 20.8 financial year. (Show all calculations clearly.) INFORMATION The following information of Braban Traders is available on 31 December 20.8, the end of their financial year: R Vehicles (purchased on 1 July 20.7) Accumulated depreciation on vehicles Debtors control Allowance for credit losses 70 000 ? 46 725 7 350 Additional information 1. Depreciation on vehicles must be calculated at 20% per annum on the diminishing balance method. 2. A new delivery vehicle was purchased on 1 October 20.8 for R40 000 cash. This transaction was not yet recorded. 3. A debt of R1 000 of a debtor, J Scheepers, who was declared insolvent, must be written off. The allowance for credit losses must be adjusted to R6 859