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McKinney Corp has the following account balances at year-end: A/R ..........................................................$250,000 Allowance for bad debts ................................8,300 Sales discounts .............................................4,500 McKinney should report accounts receivable at
McKinney Corp has the following account balances at year-end:
A/R ..........................................................$250,000
Allowance for bad debts ................................8,300
Sales discounts .............................................4,500
McKinney should report accounts receivable at a net amount of
Select one:
A. $237,200
B. None of the above
C. $241,700
D. $245,500
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