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The ending balance of accounts receivable was $70,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were

The ending balance of accounts receivable was $70,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $355,000. Sales reported on the income statement were $379,500. Based on this information, the beginning balance in accounts receivable was:

$95,500

$45,500

$24,500

$94,500

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