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The following data are taken from the financial statements of Pharoah Company. 2021 2020 Accounts receivable, end of year $559,500 $579,000 Net credit sales

The following data are taken from the financial statements of Pharoah Company. 2021 2020 Accounts receivable, end of year $559,500 $579,000 Net credit sales 4,098,600 3,385,125 Terms for all sales are 1/10, n/60.

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