The following information is taken from the accounts of Registration Ltd for the year ended 30 June 2019. $ Accounts receivable, 1 July 2018 75 000 Accounts receivable, 30 June 2019 67 000 Allowance for doubtful debts, 1 July 2018 20 000 Allowance for doubtful debts, 30 June 2019 6000 Credit sales 290 000 Cash sales 210 000 Bad debts expense 18 000 What was the value of debts written off as irrecoverable during the year? Select one: a. $6 000 b. $66 000 . c. $18 000 X Incorrect. Read '14.3 Preparation using the direct method'. d. $14 000 e. $25 000 Your answer is incorrect. The correct answer is: $25 000 The following information was taken from the accounts of Rex Ltd: Prepaid expenses, 1 July 2018 Prepaid expenses, 30 June 2019 Expenses payable, 1 July 2018 85 000 100 000 25 000 20 000 375 000 Expenses payable, 30 June 2019 Total expenses incurred year ended 30 June 2019 (including depreciation $75 000) What were the cash payments for expenses year ended 30 June 2019? Select one: O a. $450 000 O b. $445 000 o c. $395 000 x Incorrect. Read '14.3 Preparation using the direct method. O d. $440 000 e. $470 000 Your answer is incorrect. The correct answer is: $470 000