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ABC Company has an average collection period of 50 days for its accounts recelvable. If total credit sales for the year were $2,600.000, what is

ABC Company has an average collection period of 50 days for its accounts recelvable. If total credit sales for the year were $2,600.000, what is the balance in accounts recelvable at year-end? Assume a 360 -day calendar year. Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount. Multiple Choice $2,600,000 $1,300,000 $36111

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