Solution-Determine ending accounts receivable

Determine ending accounts receivable

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Reference no: EM13511838

Determine Ending Accounts Receivable your accounts receivable clerk, Mary Herman, to whom you pay a salary of $1,500 per month, has just purchased a new Buick. You decided to test the accuracy of the accounts receivable balance of $117,000 as shown in the ledger. The following information is available for your first year in business. Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made onaccount.

Reference no: EM13511838

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Determine ending accounts receivable

Reference no: EM13511838

Reference no: EM13511838

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