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Question 4 Grand Company ended 2020 with accounts receivable of $40,800. During 2021. Grand reported the following information: Sales on account, $757.000 Cash sales,
Question 4 Grand Company ended 2020 with accounts receivable of $40,800. During 2021. Grand reported the following information: Sales on account, $757.000 Cash sales, $257.200 Cash collections from customers on account, $712,440 Accounts written off during 2021, $2,480 Bad Debt Expense during 2021. $8,250 The balance in Accounts Receivable at the end of 2021 should be: $77.110 O $72.150 $74.630 O $85,360 O $82.880
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
