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The following amounts were reported for Cotton, Newton, and Miller Companies: Required: Compute the missing amounts. Cotton Newton Miller Accounts Receivable, Jan. 1 $502,300 $282,100
The following amounts were reported for Cotton, Newton, and Miller Companies: Required: Compute the missing amounts. Cotton Newton Miller Accounts Receivable, Jan. 1 $502,300 $282,100 $128,500 Accounts Receivable, Dec. 31 fill in the blank 1 311,000 152,700 Cash collections during the year 4,770,900 2,715,200 fill in the blank 2 Credit sales 4,935,500 fill in the blank 3 1,571,100
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