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At the beginning of the year, the allowance for receivables was $850. At the year-end, the allowance required was $1,000. During the year $500 of debts were written off, which includes $100 previously included in the allowance for receivables. What is the charge to income statement for receivables expense for the year? A. $650 B. $1,000 C. $550 D. $1,500 |