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Penny Corp. reports sales revenue of $124,390. During the year, the company's accounts receivable balance increased by $15.770. Additional information reveals that during the year

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Penny Corp. reports sales revenue of $124,390. During the year, the company's accounts receivable balance increased by $15.770. Additional information reveals that during the year accounts totaling $2,940 were written off and bad debt expense of $5,260 recognized. A journal entry prepared to determine cash collected from customers would include a debit to the Cash account of

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