Question: The right answer is A, could someone please explain why? thanks 10. Based on aging of the receivables, Sudipta Ltd. Determined that the NET value

The right answer is A, could someone please explain why? thanks

10. Based on aging of the receivables, Sudipta Ltd. Determined that the NET value of its accounts receivables was $650,000 at 30 June 30 2017. Additional information is as follows: Allowance for doubtful debts at 1 July 2016 Bad debts written off on 18 May 2017 Bad debts recovered on 2 June 2017 Gross accounts receivable at 30 June 2017 $60,000 (Cr) $36,000 $4,000 $700,000 What is the bad and doubtful debt expense recognized for the year ended 30 June 2017? A. $22,000 B. $26,000 C. $50,000 D. $8,000

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