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The allowance for credit losses account has an opening balance of R4 500. The policy requires the allowance to equate 8% of the total accounts

The allowance for credit losses account has an opening balance of R4 500. The policy requires the allowance to equate 8% of the total accounts receivable. The debtors sub-ledger totalled R52 000 prior receiving 40% in the rand on an account of R3 000. The financial manager instructed the write off on the balance. use the table below to answer this question.

Entry General ledger Debit Credit

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