A car dealership sold 140 vehicles during the month of July, billed at $20,000 per...

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Accounting

A car dealership sold 140 vehicles during the month of July, billed at $20,000 per vehicle.
By the end of July, the dealership had collected $750,000 from these sales.
What amount will be reported as Notes Receivable on the Balance Sheet for the month of
July?
$2,050,000
$2,800,000
$750,000
$3,550,000
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