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Kraftsgouda uses the allowance method of accounting for bad debts. The following summary schedule was prepared from an aging of accounts receivable outstanding on December

Kraftsgouda uses the allowance method of accounting for bad debts. The following summary schedule was prepared from an aging of accounts receivable outstanding on December 31 of the current year.

If Kraftsgouda bases its estimate of bad debts on the aging of accounts receivable, Bad Debt Expense for the current year ending December 31 is:

The following additional information is available for the current year

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