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Blake Company has a credit balance of $50 in its Allowance for Doubtful Accounts It is estimated that 1% of credit sales for $250,000 will

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Blake Company has a credit balance of $50 in its Allowance for Doubtful Accounts It is estimated that 1% of credit sales for $250,000 will be uncollectble What is the adjusted Allowance for Doubtful Accounts balance by using the percentage-of- sales method? (You do not need to show your calculation)

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