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GHILtdsoldmerchandiseworth$120,000oncredittocustomersduringtheyearended December 31st, 2023. The company estimates that 5% of credit sales will be uncollectible. Calculate the provision for doubtful debts for the year.

GHI Ltd sold merchandise worth $120,000 on credit to customers during the year ended December 31st, 2023. The company estimates that 5% of credit sales will be uncollectible. Calculate the provision for doubtful debts for the year.

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