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On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the business earned $10,600 in revenue on account and collected $14,600
On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the business earned $10,600 in revenue on account and collected $14,600 from its charge-account customers. After posting these transaction, the balance in the Accounts Receivable account on December 31 is
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Financial Accounting And Reporting
Authors: Mr Barry Elliott, Jamie Elliott
10th Edition
0273703641, 978-0273703648
