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A company had a credit sales of $1,000,000 and collected $830,000 of these sales during its first year of operation. Suppose that the firm has

A company had a credit sales of $1,000,000 and collected $830,000 of these sales during its first year of operation. Suppose that the firm has the following attached aging of accounts receivable schedule at the end of the year. After accounting for bad debt expenses, what would be the net accounts receivables for the company in the year end? Show your calculations.
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No. of Days Past Due 0 - 30 31-60 61 - 90 over 90 TOTAL Balance $ 50,000 80,000 30,000 10,000 $170,000 % Uncollectible 1.0 3.0 5.0 10.0

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