A business set up a provision for doubtful debts on 31 December 2016. The provision was worked out as a percentage of trade receivables at each year end, as shown below. 31 December 2016: trade receivables $32500, provision for doubtful debts 10% 31 December 2017: trade receivables $34300, provision for doubtful debts 5% Which entry was needed in the provision for doubtful debts account for the year ended 31 December 2017?
- A$1535 credit
- B$1535 debit
- C$1715 credit
- D$1715 debit