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Use the Rollforward Formula to solve for the following: 9) Accounts Receivable has a beginning balance of $50,000. During the month, the company sells $100,000

Use the Rollforward Formula to solve for the following:
9) Accounts Receivable has a beginning balance of $50,000.
During the month, the company sells $100,000 worth of services on account.
The company collects cash of $70,000 from customers.
What is the ending balnce in Accounts Receivable?

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