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A software development company sells licenses for its product. Calculate the accounts receivable balance as of November 30th, considering the following: Sales made in November:
A software development company sells licenses for its product. Calculate the accounts receivable balance as of November 30th, considering the following:
- Sales made in November: $25,000
- 70% of sales are on credit
- Beginning accounts receivable balance: $15,000
- Collections during November: $10,000
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
