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Name: Light Co.’s accounts receivable balances at the beginning and end of t
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Description: Light Co.’s accounts receivable balances at the beginning and end of the period were 80,000 and 100,000, respectively. Write-offs and recoveries during the period amounted to 10,000 and 8,000, respectively. Collections of sales on account during the

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 49BE: Accounts Receivable Balance Hart Inc. began the year with $315,700 of accounts receivable. During...

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Light Co.’s accounts receivable balances at the beginning and end of the period were 80,000 and 100,000, respectively. Write-offs and recoveries during the period amounted to 10,000 and 8,000, respectively. Collections of sales on account during the period totaled 120,000, excluding the recoveries. How much is the total credit sales during the period? a.150,000. B. 170,000. C. 190,000. D. 120,000

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