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 |