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Widlak Co. reported sales revenue of $4,600 on its income statement for the year ended December 31, 2024. The Accounts Receivable account increased from $1,200
Widlak Co. reported sales revenue of $4,600 on its income statement for the year ended December 31, 2024. The Accounts Receivable account increased from $1,200 to $1,400 during 2024. The Allowance for Uncollectible Accounts decreased by $300 during 2024. Bad Debt Expense for 2024 was $75. Under the cash basis of accounting, Widlak would have reported 2024 sales of: Select one: a. $4,225 b. $4,400 c. $4,325 d. $4,425 e. $4,025
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