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g100num [7]
3 years ago
3

A & B Commercial Cleaning is a new business. During its first year of operations, credit sales were $42,000 and collections

from credit sales were $31,000. One account for $625 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. What is the balance of Accounts Receivable at the end of the first year? A) $11,000
Business
1 answer:
ohaa [14]3 years ago
7 0

Answer:

8,300.0  

Explanation:

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