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A firm started the year with $307,000 in accounts receivable and recorded sales of $916,000, all of which were made on credit. Collections over the
A firm started the year with $307,000 in accounts receivable and recorded sales of $916,000, all of which were made on credit. Collections over the course of the year related to accounts receivable and credit sales were $825,000. What is the end of year value of accounts receivable on the balance sheet?
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