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ABC Co. has an average collection period of 60 days. Total credit sales for the year were $2, 100, 000. What is the balance in
ABC Co. has an average collection period of 60 days. Total credit sales for the year were $2, 100, 000. What is the balance in accounts receivable at year-end? (Use 360 days in a year. Do not round intermediate calculations. Round your answer to the nearest dollar amount.) $350, 000 $1, 260, 000 $360, 000 $2, 100, 000
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