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Accounts receivable written-off as uncollectible during the year amounted to $13,400. The accounts receivable balance at the beginning of the year was $340,000. The accounts
Accounts receivable written-off as uncollectible during the year amounted to $13,400. The accounts receivable balance at the beginning of the year was $340,000. The accounts receivable balance at the end of the year was $400,000 The allowance for doubtful accounts balance at the beginning of the year was $15,900. The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $14,800 Credit sales during the year totaled $995.000 How much cash was received from collections of accounts receivable? Multiple Choice $595,000 $608,400 $921,600 $981,600
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