Nables Company has a loan receivable with a carrying value of $15,000 at December 31, 2019. On January 3, 2020, the borrower, Reichert Imports, declares bankruptcy, and Nables estimates that it will collect only 60% of the loan balance.

Which of the following entries would Nables make to record the impairment under lFRS?

Loan Receivable 9000

impairment Loss 9000

Loan Recovery Expense 6000

Loan Receivable 6000

Impairment Loss. 9000

Loan Receivable 9000

Bad Debt Expense 6000 Provision for Doubtful Accounts. 6000

Assume that on January 5, 2021, Nables learns that Reichert Imports has emerged from bankruptcy. As a result, Nables now estimates that all but $1,500 will be repaid on the loan. Under IFRS, which of the following entries would be made on January 5, 2021 ?