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ABC Co. Has an average collection period of 60 days. Total credit sales for the year were $3,285,000. What is the balance in accounts receivable

ABC Co. Has an average collection period of 60 days. Total credit sales for the year were $3,285,000. What is the balance in accounts receivable at year-end?

a. $54,750

b. $109,500

c. $540,000

d. $747,500

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