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At January 1, 2008, Kobe enterprise reported accounts receivable totaling $3, 500. During the month, the company had credit sales of $5,000 and collected cash

At January 1, 2008, Kobe enterprise reported accounts receivable totaling $3, 500. During the month, the company had credit sales of $5,000 and collected cash on accounts of $6,000. At the end of January, the balance in accounts receivable is?

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