Black Company provides for bad debts expense at the rate of 2% of credit sales.The following data are available for 2011: The Allowance for Doubtful Accounts balance at December 31, 2011, should be:

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Black Company provides for bad debts expense at the rate of 2% of credit sales.The following data are available for 2011:  The Allowance for Doubtful Accounts balance at December 31, 2011, should be:

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The Answer of Black Company provides for bad debts expense at the rate of 2% of credit sales.The following data are available for 2011:  The Allowance for Doubtful Accounts balance at December 31, 2011, should be:

Black Company Provides for Bad Debts Expense at the Rate