Question: Loeer plc's initial trial balance for the reporting period ending 31 May 20X8 allowance for receivables at 1 June 20X7 of 2,564 and no charge

Loeer plc's initial trial balance for the reporting period ending 31 May 20X8 allowance for receivables at 1 June 20X7 of 2,564 and no charge in the period for irrecoverable debts. Following a review of its receivables, the company has decided to write off debts of 1,289 and to reduce its allowance for receivables at the end of the reporting period by 733

Once these adjustments are made, what will be the balances included in the final trial balance at 31 May 20X8?

A. Irrecoverable debts expense 542; Allowance for receivables 3,297

B Irrecoverable debts expense 556; Allowance for receivables 3,297

C. Irrecoverable debts expense 542; Allowance for receivables 1,831

D. Irrecoverable debts expense 556; Allowance for receivables 1,831

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