Answer:
d. $19,500 and $25,000
Explanation:
Provided balance of Accounts Receivables at year end = $550,000
Allowance for Doubtful Debts Account = $5,500
Sales for the year = $2,500,000
Now, provided un-collectible accounts receivables = $25,000
Thus year end balance of allowance for doubtful debts shall be $25,000
Therefore, entry shall be of amount = $25,000 - $5,500 = $19,500
after that balance at year end of allowance for doubtful debts = $5,500 + $19,500 = $25,000
