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2. Junk Cereal is a corporation that sells breakfast cereal. Based on the accounts listed below. What are Junk Cereal's total trade receivables? Income tax
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Junk Cereal is a corporation that sells breakfast cereal. Based on the accounts listed below. What are Junk Cereal's total trade receivables? Income tax refund due, $500 Advance due from the company's president, $300 3-month note due from company's main customer, $2,000 Interest due this month on the above note, $100 Due and unpaid from this month's sales, $3,000 Due and unpaid from last month's sales, $1,000 $5,100 $6,900 $6,000 $4,000Step by Step Solution
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