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State the double entries, including the amounts, in respect of the transactions provided. (4 marks) INFORMATION Jumbo Stores received R960 from a debtor who

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State the double entries, including the amounts, in respect of the transactions provided. (4 marks) INFORMATION Jumbo Stores received R960 from a debtor who was declared insolvent. This amount equals 60% of the total debt. The balance of the debtor's account must be written off. No entries were made for these transactions.

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