Question: Maple Co. provides for bad debts expense at the rate of 1.57% of credit sales for the period. On Jan 1, 20X1, the Allowance for

Maple Co. provides for bad debts expense at the rate of 1.57% of credit sales for the period. On Jan 1, 20X1, the Allowance for Bad Debts was $9.000. There were $16,000 of accounts written off during the year. Credit sales for the year were $795,000.

What is this year's bad debt expense?

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