Please show me your workings. At 31 December 20x2 a company's receivables totalled $400,000 and an allowance for receiva

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Please Show Me Your Workings At 31 December 20x2 A Company S Receivables Totalled 400 000 And An Allowance For Receiva 1 (27.99 KiB) Viewed 141 times

Please show me your workings. At 31 December 20x2 a company's receivables totalled $400,000 and an allowance for receivables of $50,000 had been brought forward from the year ended 31 December 20x1. It was decided to write off debts totalling $38,000. The allowance for receivables was to be adjusted to the equivalent of 10% of the receivables. What charge for receivables expense should appear in the company's statement of profit or loss for the year ended 31 December 20X2? A $74,200 B $51,800 с $28,000 D $24,200 (2 marks)