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During 2012 sales on account were $435,000 and collections on account were $258,000. Also during 2012 the company wrote off $24,000 in uncollectible...

During 2012 sales on account were $435,000 and collections on account were $258,000. Also during 2012 the company wrote off $24,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $162,000. Bad debts expense for 2012 is

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