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Sandra had net sales (all on account) in 2020 of $720000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts
Sandra had net sales (all on account) in 2020 of $720000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $990000 debit, and allowance for doubtful accounts $2200 debit. Sandra estimates that 4% of its accounts receivable will prove to be uncollectible. What is the net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020? O $41800 O $948200 O $952600 O $950400
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