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During 20x1 Company X sold $4,000 of inventory on credit. The companys beginning and ending accounts receivable balances were $25,000 and $28,000, respectively. How much
During 20x1 Company X sold $4,000 of inventory on credit. The companys beginning and ending accounts receivable balances were $25,000 and $28,000, respectively. How much cash did Company X collect on account? If the ending accounts receivable had been $21,500how much cash would company X have collected.
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