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Stewart Company billed $340,000 for services rendered during their first year of operations. They collected $187,000 during the year. In addition to the billings, Stewart
Stewart Company billed $340,000 for services rendered during their first year of operations. They collected $187,000 during the year. In addition to the billings, Stewart collected $236,000 from cash customers. Assuming no other transactions, what is the correct balance in the Accounts Receivable account after adjusting journal entries have been made?
(Assume that the beginning balance in accounts receivables was 0, and there were no other transactions during the year)
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