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ABC Company reported cash received from customers of $1,358,500 for the year ended June 30, 2020. Comparative balance sheets for June 30, 2019 and 2020,
ABC Company reported cash received from customers of $1,358,500 for the year ended June 30, 2020. Comparative balance sheets for June 30, 2019 and 2020, reported net accounts receivable balances of $85,600 and $79,300, respectively. Net sales reported on the income statement for the year ended June 30, 2020 were:
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