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Question: 7The following information relates to accounts receivable for the year just ended: Accounts receivable, 1/1 $ 650,000 Credit sales for the year 2,700,000 Sales
Question: 7The following information relates to accounts receivable for the year just ended: Accounts receivable, 1/1 $ 650,000 Credit sales for the year 2,700,000 Sales returns for the year 75,000 Accounts written off during the year 40,000 Collections from customers during the year 2,150,000 Estimated future sales returns at 12/31 50,000 Estimated uncollectible accounts at 12/31 110,000 What amount should be reported for accounts receivable, before allowances for sales returns and uncollectible accounts, at December 31
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