Question: Question 5 View Policies Current Attempt in Progress ting Your accounts receivable clerk, Mitra Adams, to whom you pay a salary of $1,510 per month,
Question 5 View Policies Current Attempt in Progress ting Your accounts receivable clerk, Mitra Adams, to whom you pay a salary of $1,510 per month, has just purchased a new Acura. You decide to test the accuracy of the accounts receivable balance of $85,550 as shown in the ledger The following information is available for your first year in business cess $196,100 321,950 (1) Collections from customers (2) Merchandise purchased (3) Ending merchandise inventory (4) Goods are marked to sell at 40% above cost 99,000 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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