Johnny had receivables of $4,500 at the start of 20X5. During the...
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Accounting
Johnny had receivables of $4,500 at the start of 20X5. During the year to 31 December 20X5 he makes credit sales of $45,000 and receives cash of $46,500 from credit customers.
What is the balance on the receivables account at 31 December 20X5?
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6,000Dr
6
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