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Question 3 1 pts On March 31, 2019 and June 30, 2019, Nonc Brothers reported Accounts Receivable, net of allowance for uncollectibles, of 121 million
Question 3 1 pts On March 31, 2019 and June 30, 2019, Nonc Brothers reported Accounts Receivable, net of allowance for uncollectibles, of 121 million and 135 million, respectively. They close their books quarterly and their fiscal year ends on March 31st During the first quarter, Nonc Brothers collected cash from their receivables of 62 million. They also recognized a bad debt expense of 25 million during the first quarter. The firm had 37 million and 42 million balances in its allowance for uncollectibles on March 31, 2019 and June 30, 2019, respectively. How much did Nonc Brothers sell on credit to their customers during the period April 1 - June 30, 2019? A. 76 million. B. 92 million. O C. 88 million. D. 101 million. O E. None of the above
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