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The control account for Accounts Receivable in the general ledger began the month with a normal balance of $55,000. During the current month, collections on
The control account for Accounts Receivable in the general ledger began the month with a normal balance of $55,000. During the current month, collections on account were in the amount $60,000, credit sales were in the amount of $100,000 and write-offs of accounts receivable were in the amount of $15,000. At the end of the month the balance of the control account for Accounts Receivable is
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