Abi maintains a provision for doubtful debts at 2% of trade receivables. On 1 January 20–5. the provision for doubtful debts was $426. The trade receivables on 31 December 20–4 amounted to $20,550.
What entries did Abi make on 31 December 20–4 to adjust the provision for doubtful debts?

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Debit Credit $ A income statement 15 provision for doubtful debts 15 B income statement 411 provision for doubtful debts 411 C provision for doubtful debts 15 income statement 15 D provision for doubtful debts 411 income statement 411 %24