ASSIGNMENT 01 (continued) 8. What will be the general ledger entries for the interest charged on Miss A Naidoo's overdue account? (1) The trade receivables control account in the general ledger will be debited with R120 and the interest income account in the general ledger will be credited with R120. (2) The trade receivables control account in the general ledger will be debited with R240 and the interest income account in the general ledger will be credited with R240. (3) The interest income account in the general ledger will be debited with R120 and the trade receivables control account in the general ledger will be credited with R120. (4) The interest income account in the general ledger will be debited with R240 and the trade receivables control account in the general ledger will be credited with R240. (5) The trade payables control account in the general ledger will be debited with R240 and the interest income account in the general ledger will be credited with R240. What will be the general ledger entries be for the outstanding debt of Miss T Luna which must be written off as irrecoverable? (1) The trade receivables control account in the general ledger will be debited with R700 and the credit losses account in the general ledger will be credited with R700. (2) The trade receivables control account in the general ledger will be debited with R1 000 and the credit losses account in the general ledger will be credited with R1 000. (3) The trade receivables control account in the general ledger will be debited with R300 and the credit losses account in the general ledger will be credited with R300. (4) The credit losses account in the general ledger will be debited with R700 and the trade receivables control account in the general ledger will be credited with R700. (5) The credit losses account in the general ledger will be debited with R1 000 and the trade receivables control account in the general ledger will be credited with R1 000. What will the general ledger entries be for the credit losses recovered from Miss T Luna's insolvent estate? 10. (1) The credit losses recovered account in the general ledger will be debited with R300 and the bank account in the general ledger will be credited with R300. (2) The bank account in the general ledger will be debited with R300 and the credit losses recovered account in the general ledger will credited with R300 (3) The credit losses recovered account in the general ledger will be debited with R700 and the bank account in the general ledger will be credited with R700. (4) The bank account in the general ledger will be debited with R700 and the credit losses recovered account in the general ledger will credited with R700. (5) The trade receivables control account in the general ledger will be debited with R300 and the credit losses recovered account in the general ledger will be credited with R300