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In February 2020 your firm, a wholesale bicycle distributor, ships and invoices customers for 20 bicycles with a selling price of $1,500 each. Also in
In February 2020 your firm, a wholesale bicycle distributor, ships and invoices customers for 20 bicycles with a selling price of $1,500 each. Also in February, your firm receives $25,000 cash collections from its customers. Under the accrual method, what are the total revenues for the month of February?
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