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The CHS Company has provided the following information: Accounts receivable written off as uncollectible during the year amounted to $11, 500. The accounts receivable balance
The CHS Company has provided the following information: Accounts receivable written off as uncollectible during the year amounted to $11, 500. The accounts receivable balance at the beginning of the year was $150,000. The accounts receivable balance at the end of the year was $210,000. The allowance for doubtful accounts balance at the beginning of the year was $14,000. The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12.900. Credit sales during the year totaled $900,000. How much cash was received from collections of accounts receivable? $888, 500. $701, 500. $828, 500 $690,000
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