FINAL ASSESSMENT: SECTION B Click here to exit fullscreen mode. Table of Contents Part 8 of 22-Q. Question Progress Question of 22 3 Points Sports Inc (SI) has a financial year-end of 31 July. The following information appeared in the pre-adjustment trial balance on 31 July 2020: Debit Credit Trade Receivables RSO 500 On 26 April 2019, Ms. Swazi purchased sports shirts on credit from SL The total cost to St, of the sport shirts amounted to RG GOD. Si applies a consistent mark-up on cost of 25%. On 30 May 2020, the business received a letter from Ms. Swazi's lawyer indicating that she had been declared insolvent and that I would receive 40c for every Rand owed by Ms. Swazi. The bookeeper did not record this transaction. The business reliably estimates that 2% of the year and trade receivables balance will not be received. At 31 July 2020, whloh of the following general ledger options correotly refiets the above information, after adjustments have been proogcod? OA Bad debts exponen IP/L) Trade receivables 4875 Allowance for doubtful 1093 debts Allowance for doubtful debtc (A) 1 093 Bad dabis expense OB Trade recevables Allowance for doubtful debts Bad debtc expansa IPIL 4875 1 093 Allowance for doubtful debto (-A) Bad dabis expense 1093 Trade receivables Allowance for doubtful debts Bad debtc expence (P/L) 8 125 1 028 Allowance for doubtful debtc (A) Bad debts experte 102 OD Bad debts exponen IP/L) 1190 Allowance for doubtful debts Allowance for doubtful debts (-A) Bad debts expense | 1 190 OE Bad debts expense Allowance for doubtful debts Bad debts expence (P/L) 3250 1 125 Allowanoo for doubtful debts (A) Bad dabis expense 1 125 Reset cinc on