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Determine the opening accounts receivable balance as at july

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Question - Debtor collections are 60% in the month of the sale, 30% in the month after the sale and 10% in the second month after the sale. Credit sales are $15,000 for April, $14,300 for May and $13,200 for June. Determine the opening Accounts Receivable balance as at 1 July?

a. $13,200

b. $16,500

c. $14,610

d. $6,710

Reference no: EM133098627

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