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ABC Co has an average collection period of 60 days for its accounts receivable. If total credit sales for the year were $2,900,000, what is
ABC Co has an average collection period of 60 days for its accounts receivable. If total credit sales for the year were $2,900,000, what is the balance in accounts receivable at year-end? Assume a 360-day calendar year. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $2.900.000 $483,333 $1,740,000 O $493,333
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