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ProBuilder has the following June 30 fiscal-year-end unadjusted balances: Allowance for Sales Discounts, $0; and Accounts Receivable, $11,000. Of the $11,000 of receivables, $2,500 are
ProBuilder has the following June 30 fiscal-year-end unadjusted balances: Allowance for Sales Discounts, $0; and Accounts Receivable, $11,000. Of the $11,000 of receivables, $2,500 are within a 3% discount period, meaning that it expects buyers to take $75 in future discounts arising from this periods sales
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