| At 1 July 2005 a company’s allowance for receivables was $48,000.At 30 June 2006, trade receivables amounted to $838,000. It was decided to write off $72,000 of these debts an
 adjust the allowance for receivables to $60,000.
 What are the final amounts for inclusion in the company’s balance sheet at 30 June 2006?
 Trade               Allowance for              Net
 receivables          receivables             balance
 $                        $                             $
 A           838,000             60,000                   778,000
 B           766,000             60,000                   706,000
 C           766,000            108,000                  658,000
 D           838,000            108,000                  730,000
    B |