Braskem S.A., a large Brazilian petrochemical company, reported a balance R$1,594.9 million in Accounts Receivable...
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Accounting
Braskem S.A., a large Brazilian petrochemical company, reported a balance R$1,594.9 million in Accounts Receivable at the beginning of 2013 and R$1,497.0 million at the end of 2013. Its income statement reported total sales revenue of R$12,134.5 million at the end of 2013. Braskem applies IFRS and reports its results in thousands of reals (R$), the Brazilian currency. Assuming that Braskem makes all sales on account, present journal entries that account for all changes in accounts receivable during 2013
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