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In 2 0 2 3 Saxon Pty Ltd had net credit sales of $ 7 5 0 0 0 . The Allowance for Doubtful Debts

In 2023 Saxon Pty Ltd had net credit sales of $75000. The Allowance for Doubtful Debts account has a balance at the start of the year of $1000. At the end of the year, debts of $900 are to be written off and the company estimates that 1.5% of net credit sales will be uncollectible. If the Accounts receivable balance at 30 June 2023 is $25000, what is the closing balance of the Allowance for Doubtful debts to be reported on the Balance sheet at 30 June 2021

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