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All sales are on account. A Co's collection pattern is: 2 3 60% collected in the month of sale, 35% collected in the month following
All sales are on account. A Co's collection pattern is: 2 3 60% collected in the month of sale, 35% collected in the month following sale, 5% uncollectible. 5 6 The March 31 accounts receivable balan...
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