Membership

fees of Gizmo Soccer Club was R400 per year for 20.1 and R480 per year for

20.2. On 31 December 20.1, it was noted that 12 members did not pay their

membership fees for 20.1 and 3 members paid their membership fees for the 20.2

on 31 December. The membership fees of 6 members, which was in arrears on 31 December

20.1, must be written off as irrecoverable.  The financial year-end of Gizmo Soccer Club is

31 December.

The

membership fees account in the general ledger of Gizmo Soccer Club will be

credited with credit losses of … on 31 December 20.2.

Instructions:

1. Use a full stop to indicate any decimals (eg: 1000.01)

2.  Round off to the nearest Rand (eg: 50.56 is 51)

3.  Only show the amount, do not show the R (eg: 12141.72)