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White had the following transactions during March, 2022. 1. White sold and delivered $13,200 of merchandise to LJ Enterprises, terms 2/10, n30. 2. LJ Enterprises
White had the following transactions during March, 2022.
1. | White sold and delivered $13,200 of merchandise to LJ Enterprises, terms 2/10, n30. | ||
2. | LJ Enterprises also ordered an additional $4,900 worth of goods on the last day of the month. | ||
3. | White lent $1,040 to its company president who promised to repay the loan on the 15th day of the next month. | ||
4. | White sold old storage sheds to Alt Traders on 3/31. Alt Traders gave a $2,000 promissory note to White agreeing to pay for the sheds in 3 months. | ||
5. | Other current assets totaled $65,000. |
White received no cash arising from the above transactions during March. Based only on the above transactions, and ignoring beginning balances, compute the accounts receivable as a percentage of the total current assets as of month end. (Round answer to 0 decimal places, e.g. 25%.)
Accounts Receivable | Enter the percentage accounts receivable is of the total current assets. | % |
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