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balance on 28 february 2021: balance sheet section: Vehicles at cost R90 000. Equipment at cost R50 000. Inventory R100 000. Provision for bad debts

balance on 28 february 2021: balance sheet section: Vehicles at cost R90 000. Equipment at cost R50 000. Inventory R100 000. Provision for bad debts R2000. Nominal accounts section: Bad debts R500. Telephone R1500. Adjustments: Emma Jacobs was declared insolvent. Her estate will pay 20cents of every rand she owes us. She owed us R1700. The rest must be written off. Bad debts at the end of the year will be: a. R1860. b. R860. c. R840. d. R1360

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