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A company performed $225 of service work for customers and immediately collected cash. The company also performed $500 of service work for customers who
A company performed $225 of service work for customers and immediately collected cash. The company also performed $500 of service work for customers who agreed to pay later. Customers paid $150 for amounts owing for work previously completed. The company bought $600 of supplies inventory on credit. The company paid $400 of the amount owing for supplies previously purchased on credit. The ending amount of accounts receivable is: $500 $550 $350 $575
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