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During 2014, Hitchcock Inc, had sales on account of $176,000, cash sales of $72,000, and collections on account of $112,000. In addition, they collected $1,950
During 2014, Hitchcock Inc, had sales on account of $176,000, cash sales of $72,000, and collections on account of $112,000. In addition, they collected $1,950 which had been written off as uncollectible in 2013. As a result of these transactions, the change in the accounts receivable balance indicates a
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Managerial Accounting For Undergraduates
Authors: James Wallace, Scott Hobson, Theodore Christensen
2nd Edition
1618533096, 9781618533098
