A business has an accounting year ending on 31 December. On 31 December 20x7, the records contained the following accounts: Trade receivables 19,000 Allowance for doubtful debts 1,000 18,900. The trade receivables as of 31 December 20x8 were The business decided at the end of the year to write off bal- ances of 300 as bad debts. The trade receivables figure in- cludes amounts of 250 owed by business C, 150 owed by business M, and 200 owed by business A, all of which are regarded as doubtful debts. REQUIRED: What is going to be the allowance for doubtful debts as of 31 December 20x8, given a general allowance of 5% of trade receivables was applied? Show the T-account entries in respect of the above and the relevant SPL and SFP extracts.