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On December 3 1 , 2 0 2 1 , a company reported the following information on its balance sheet: table [ [ Accounts

On December 31,2021, a company reported the following information on its balance sheet:
\table[[Accounts receivable,$1,005,600,],[Less: Allowance for Doubtful Accounts,55,200,(cr.)]]
During 2022, the company had the following transactions related to receivables:
\table[[Sales on account,$3,600,000
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