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racing stripes uses the allowance method for handling receivables they have decided that 1.25% of all credit sales are uncollectable. credit sales for the year

racing stripes uses the allowance method for handling receivables they have decided that 1.25% of all credit sales are uncollectable. credit sales for the year were 1150000 and the allowance for doubtful accounts has a 2500$ credit balance. post the journal entry prepared above to the taccounts below and calculate the new balance for the allowance for doubtful accounts

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