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Summarized transactions for 2012: a. 1. Sold merchandise on credit, $6BB,AAA. 2 . Collected 90% of these current credit sales. 3. Collected 95% of beginning

Summarized transactions for 2012: a. 1. Sold merchandise on credit, $6BB,AAA. 2 . Collected 90% of these current credit sales. 3. Collected 95% of beginning accounts receivable. 4. Wrote off the remaining 5% of beginning accounts receivable

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