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Pharoah Company had accounts receivable of $135,000 on January 1, 2020. The only transactions that affected accounts receivable during 2020 were net credit sales of
Pharoah Company had accounts receivable of $135,000 on January 1, 2020. The only transactions that affected accounts receivable during 2020 were net credit sales of $1,164,375, cash collections of $1,071,225, and accounts written off of $25,650. (a) Compute the ending balance of accounts receivable. Ending balance of accounts receivable $
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