During its first year of operations, Widgets Incorporated reported Sales Revenue of $387,700 but collected...
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Accounting
During its first year of operations, Widgets Incorporated reported Sales Revenue of $387,700 but collected only $305,500 from customers. At the end of the year, Accounts Receivable equal:
a.$693,200.
b.$305,500.
c.$387,700.
d.$82,200.
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