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ABC Corporation's books disclosed the following information as of and for the year ended December 31, 2005: Net credit sales $3,000,000 Net cash sales 480,000

ABC Corporation's books disclosed the following information as of and for the year ended December 31, 2005: Net credit sales $3,000,000 Net cash sales 480,000 Accounts receivable at the beginning 400,000 Accounts receivable at end 800,000

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