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What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000?

What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 2QY: What is the entry to record the cash received on a sale of 500, credit terms 1/15, n/30, if the...
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What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000?
Transcribed Image Text:What is the ending balance of Accounts Receivable if the beginning balance was $50,000, sales on credit were $75,000, cash collections from customers were $60,000, and bad debt expense was $3,000?
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