The closing trade receivables as at 31/10/2020 before bad debts written off were 165,000. The business continues to maintain the same provision for doubtful debts as last year of 2% on closing trade receivables after bad debts written off. The following two transactions have just been recorded in preparation for finalising the financial statements for the year ending 31/10/2020: What was the "provision for doubtful debts" balance shown on the business's Statement of Financial Position as at 31/10/2019? Select one: a. 1,560 b. 3,240 c. 4,920 d. 1,680
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