During the current year, $54,000 of accounts receivable is considered uncollectible, and no more effort...

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Accounting

During the current year, $54,000 of accounts receivable is considered uncollectible, and no more effort to collect these accounts will be made. Total sales for the current year are $1,440,000, of which $240,000 are cash sales. A total of $1,080,000 cash was collected during the current year from sales that were originally made on account.

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