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How much did the trade receivables owe

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Sumit maintains a position for doubtful debt at 5% of trade receivables at end of each financial year. On 1/1/2016 the trade receivables amounted to $3500 and provision for doubtful debt was $175

Income statement for year ended 31/12/2016 was debited with $15 for prov of doubtful debt

Question 1: How much did the trade receivables owe on 31/12/2016? (memo gives answer of $3800)

Reference no: EM132624606

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