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A company has beginning accounts receivable of $80,000 and ending accounts receivable of $100,000. During the period, sales were $800,000. Calculate: a) The cash collected
A company has beginning accounts receivable of $80,000 and ending accounts receivable of $100,000. During the period, sales were $800,000. Calculate: a) The cash collected from customers. b) The change in accounts receivable. c) The amount of credit sales made during the period. d) The average accounts receivable balance during the period.
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