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Assume Simple Company had credit sales of $250,000 and cost of goods sold of $150,000 for the period. Simple uses aging method and estimates that

Assume Simple Company had credit sales of $250,000 and cost of goods sold of $150,000 for the period. Simple uses aging method and estimates that estimateted ending balanc would result in uncollectible accounts3000. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $250. Required: What amount of Bad Debt Expense would the company record as an end-of-period adjustment?

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