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During the current year, Bobs Ceramics Shop had sales revenue of $159,000, of which $66,000 was on credit. At the start of the current year,
During the current year, Bobs Ceramics Shop had sales revenue of $159,000, of which $66,000 was on credit. At the start of the current year, Accounts Receivable showed a $26,000 debit balance and the Allowance for Doubtful Accounts showed a $1,800 credit balance. Collections of accounts receivable during the current year amounted to $57,000
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