Question 4 Part B. 

For the year ended 30 June 2025, QWE’s credit manager decides to increase the estimated collectible percentage to 60% for amounts that were more than 60 days past due. The estimated collectible percentages for the other

aging groups remain the same as those at 30 June 2024. On 30 June 2025, the accounts receivable in different aging groups were $150,000 (current), $50,000 (1-30 days past due), $38,000 (31-60 days past due) and $19,000 (over 60 days past due).

What is the closing balance of allowance for doubtful debt for the year ended 30 June 2025? (1 mark)