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Your accounts receivable clerk, Linda Adams, to whom you pay a salary of $1,420 per month, has just purchased a new Acura. You decide to
Your accounts receivable clerk, Linda Adams, to whom you pay a salary of $1,420 per month, has just purchased a new Acura. You decide to test the accuracy of the accounts receivable balance of $85,100 as shown in the ledger. The following information is available for your first year in business. Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account. The ending balance of accounts receivable from customers $ Apparent shortage $
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