Accelerated Solutions The following data are from the company's records for the year ended December...
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Accelerated Solutions The following data are from the company's records for the year ended December 31: Accounts receivable-January 1 $350,000 Credit sales during the year Collections from credit customers during the year Customer accounts written off as uncollected during the year 1,200,000 850,000 10,000 Allowance for doubtful accounts--January 1 35,000 Estimated uncollected accounts based on an aging analysis 50,000 Refer to Accelerated Solutions. What is the balance of Accounts Receivable at December 31? a. $700,000 b. $340,000 c. $710,000 d. $690,000
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