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At the beginning of 2015 Peter dots has the following Ledger balances during the year credit sales amounted to 800,000 cash collected on credit sales
At the beginning of 2015 Peter dots has the following Ledger balances during the year credit sales amounted to 800,000 cash collected on credit sales amounted to 760,000 and 18,000 has been written at the end of the year company adjusted for bad debt expenses using the percent of sales method and applied a rate based on past history of 2.5 the ending balance and bad debts expense would be.
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