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The ledger of Molina Company at the end of the current year shows Account Receivable $86,000; Credit Sales $780,000 and Sales Returns and Allowances $40,000.

The ledger of Molina Company at the end of the current year shows Account Receivable $86,000; Credit Sales $780,000 and Sales Returns and Allowances $40,000. Instructions: Note: Parts a & b are in 2 answers

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