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A company has a $1,000,000 accounts receivable balance. Calculate the provision for doubtful debts required, given an aging schedule with estimated bad debt percentages as

A company has a $1,000,000 accounts receivable balance. Calculate the provision for doubtful debts required, given an aging schedule with estimated bad debt percentages as follows: 1-30 days (1%), 31-60 days (3%), 61-90 days (5%), over 90 days (10%)

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