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The starting balance of Accounts Receivable is $ 3 , 6 0 0 The starting balance of Cash is $ 1 2 , 5 0

The starting balance of Accounts Receivable is $3,600
The starting balance of Cash is $12,500
The starting balance of Inventory is $5,200
1. Sell product for $40 in cash with historical cost of $40
2. Receive payment of $13 owed by a customer
3. Buy $14 worth of manufacturing supplies for cash

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