On 1 January 20x7, Yebong Traders had accounts receivable that totalled R8 000 in the general ledger.

• The accounts receivable account was made up as follows:

• The amounts owing by P. Msinga and D. Omar were written off as being bad debts.

• J. Naidoo and J. Radebe were declared insolvent. Yebong Traders received 50c in the R1 and 40c in the R1 from J. Naidoo and J. Radebe respectively.

You are required to:

1. Enter the transactions in the general journal.

2. Update the four receivable accounts in the subsidiary ledger.

3. Post to the general ledger.

Transcribed Image Text:

J. Naidoo P. Msinga D. Omar J. Radebe Others TOTAL 400 00 300 00 150 00 300 00 6 850 00 8 000 00