Khaled Company provides for bad debts expense at the rate of 4% of credit sales. The following .2 :data are available for 2011 $ 12,500 Allowance for doubtful accounts, 1/1/11 (Cr.) 9,500 Accounts written off as uncollectible during 2011 1,250,000 Credit sales in 2011 * The balance for Allowance for doubtful accounts, 31/12/11 (Cr.) (2)