The extract below is taken from a business’s trial balance as at 31 May 2017. trade receivables: $72000$ provision for doubtful debts: $3250$ One customer, who owes $5000$, has been made bankrupt. The provision for doubtful debts is to be kept at $5\%$ of trade receivables. Which figure should be shown in the financial statements at 31 May 2017?
- Aincome statement (expense): $3350$ expense; statement of financial position (current assets): $63650$
- Bincome statement (expense): $3350$ expense; statement of financial position (current assets): $66900$
- Cincome statement (expense): $5100$ expense; statement of financial position (current assets): $63650$
- Dincome statement (expense): $5100$ expense; statement of financial position (current assets): $66900$