LUCIU ir uni *** FULL SCREEN PRINTER VERSION NEXT BACK xercise 7-4 our accounts receivable clerk, Mary Herman, to whom you pay a salary of $1,500 per month, has just purchased a new Audi. You decided to test the accuracy of the ccounts receivable balance of $117,000 as shown in the ledger. he following information is available for your first year in business. (1) Collections from customers $198,000 (2) Merchandise purchased 320,000 (3) Ending merchandise inventory 70,000 (4) Goods are marked to sell at 40% above cost 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. Ending balance of accounts receivable from customers Apparent shortage SAVE FOR LATER SULIT ANSWER Question Attempts: 0 of 15 used 1205 di ENG gen/shared/assignment/test/aglist.uni?idasnmt2538649910019 ved, A Division of John Wiley & Sons, Inc. Ai DOLL