ABC Co. has an average collection period of 90 days. Total credit sales for the year were

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ABC Co. has an average collection period of 90 days. Total credit sales for the year were $6,000,000. What is the balance in accounts receivable at year-end?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Nov 16, 2017 05:10 AM

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ABC Co. has an average collection period of 90 days. Total credit sales for the year were

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Intermediate Accounting

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