At 1 January 2021, the Allowance for Receivables of Trader

Multiple Choice

At 1 January 2021, the allowance for receivables of Trader Limited stood at £22,375. During the financial year ended 31 December 2021, Trader Limited made sales of £852,639, received cash from customers of £858,772 and had irrecoverable debts of £6,400. The total trade receivables at 1 January 2021 were £70,080. The allowance for receivables at 31 December 2021 had been reduced to £19,221. What figure for trade receivables will appear in Trader Limited's trial balance at 31 December 2021?

A) £38,326
B) £54,393
C) £57,547
D) £60,701