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please show work E6-7 LO 6.4 Accounts Receivable Calculations The following amounts were reported for Cotton, Newton, and Miller Companies: Cotton Newton Miller Accounts Receivable,
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E6-7 LO 6.4 Accounts Receivable Calculations The following amounts were reported for Cotton, Newton, and Miller Companies: Cotton Newton Miller Accounts Receivable, 1/1/2016 $ 502,300 $ 282,100 $ 128,500 Accounts Receivable, 12/31/2016 311,000 152,700 Cash collections during the year 4,770,900 2,715,200 Credit sales 4,935,500 1,571,100 Required: Next Level Compute the missing amounts. (0) Step by Step Solution
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