XYZ Corp sells widgets to consumers for $20 each. Its beginning accounts receivable balance was $24,975, and

Question:

XYZ Corp sells widgets to consumers for $20 each. Its beginning accounts receivable balance was $24,975, and it sold 12,376 widgets throughout the year. The total cash collections for the year amounted to $217,750.
Required:
Calculate the ending accounts receivable balance?

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