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On January 1, 1998, the provision for bad debts stood at $. 800. The bad debts during the year came to $. 500. On

On January 1, 1998, the provision for bad debts stood at $. 800. The bad debts during the year came to $. 500. On 31st December, 1998, Marco Debtors were $. 30,000. Make a provision of 5% on debtors for bad debts. Show the Journal, Ledger, Profit and Loss Account and Balance Sheet.

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