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LMNO sells golf clubs. On December 14, they shipped $5,000 worth of golf clubs to ABC, terms 2/10, n/30. On December 21, they received an
LMNO sells golf clubs. On December 14, they shipped $5,000 worth of golf clubs to ABC, terms 2/10, n/30. On December 21, they received an order from DEF for $2,000 worth of custom golf clubs to be produced in December. On December 31, ABC returned $300 of defective golf clubs. LMNO has received no payments from either customer as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of December 31? $6,900 0 $4,700 $4,900 $6,700
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