Certain information relative to the 2012 operations of Ball Co. follows: Accounts receivable, January 1, 2012 $48,000

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Certain information relative to the 2012 operations of Ball Co. follows:

Accounts receivable, January 1, 2012 $48,000

Accounts receivable collected during 2012 92,000

Cash sales during 2012 24,000

Inventory, January 1, 2012 36,000

Inventory, December 31, 2012 33,000

Purchases of inventory during 2012 80,000

Gross profit on sales 27,000

What is Ball's accounts receivable balance at December 31, 2012?

Related Book For answer-question

Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Posted Date: Sep 12, 2020 04:26 AM

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Certain information relative to the 2012 operations of Ball Co. follows: Accounts receivable, January 1, 2012 $48,000

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Financial Reporting and Analysis

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