At 31 December 20X4 a company's trade receivables totalled $864,000 and the allowance for receivables was $48,000. It was decided that debts totalling $13,000 were to be written off, and the allowance for receivables adjusted to five per cent of the receivables. What figures should appear in the statement of financial position for trade receivables (after deducting the allowance) and in the statement of comprehensive income for receivables expense?
A.
Statement of comprehensive income$ 8,200 Statement of financial position $807,800
B.
Statement of comprehensive income $7,550 Statement of financial position$ 808,450
C.
Statement of comprehensive income $18,450 Statement of financial position$ 808,450
D.
Statement of comprehensive income $55,550 Statement of financial position$ 808,450