_ll105. Juvallgreen Skylar Ltd has a total amount for trade receivables of $25,000 at the end of the year. After review of the receivables balances it highlights that one of its customers, Adamant Co, has gone bankrupt . Juvallgreen Skylar Ltd is owed $4,000 by Adamant Co for design work done during the year. This debt is now considered irrecoverable.

You are Required

1. What is the balance for trade receivables to be shown in the statement of financial position at the year end?

2.What is the irrecoverable debts expense to be shown in the statement of profit or loss at the year end?