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ABC Co. has an average collection period of 60 days. Total credit sales for the...

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Accounting

ABC Co $.$ has an average collection period of $60$ days. Total credit sales for the year were $ $3, 000, 000 .$ What is the balance in accounts receivable at year $-$ end?

A $)$ $ $50, 000$

B $)$ $ $100, 000$

C $)$ $ $500, 000$

D $)$ $ $80, 000$

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