5 Notes receivable collected 29000 6 Notes receivable previously sold with recourse were paid at maturity The

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5 Notes receivable collected 29000 6 Notes receivable previously sold with recourse were paid at maturity The associated recourse liability for this note is 550 33000 7 Notes receivable were defaulted 1740 8 Collections on accounts previously written off 730 9 Sales returns and allowances on credit sales 1600 10 Bad debts were estimated to be 15 of credit sales