At the beginning of the year, X Ltd. had a credit balance of $ 15000...
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Accounting
At the beginning of the year, X Ltd. had a credit balance of $ 15000 in its allowance for doubtful accounts. During the year X. Ltd. had wrote off $ 12000 of accounts receivable and had recoveries of $ 4500. At the end of the year, using the aging method, X Ltd. determined that a balance of $ 62000 was required in its allowance for doubtful accounts. What was X. Ltd.'s bad debt expense for the year? Your
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