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6. Khaled Company provides for bad debts expense at the rate of 4% of credit sales. The following data are available for 2011: Allowance for

6. Khaled Company provides for bad debts expense at the rate of 4% of credit sales. The following data are available for 2011: Allowance for doubtful accounts, 1/1/11 (Cr.) $ 12,500 Accounts written off as uncollectible during 2011 9,000 Credit sales in 2011 1,250,000

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