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What the amount for bad and doubtful debts appearing

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Reference no: EM132936051

Problem 1: The allowance for doubtful debts account has a balance at the start of the year of $2000. At the end of the year debts of $880, including $80 GST, are to be written off and the allowance for doubtful debts is to be adjusted to 10% of the closing accounts receivable balance of $33 000 (including $3000 GST). The amount for bad and doubtful debts appearing in the statement of financial performance for the year will be:

a. $1200.
b. $3300.
c. $1800.
d. $3000.

Reference no: EM132936051

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