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Question - An analysis and aging of Oriole Corp. accounts receivable at December 31, 2020, disclosed the following.
Amounts estimated to be uncollectible $181,850
Accounts receivable 1,759,600
Allowance for doubtful accounts (per books) 127,290
Required - Find the net amount expected to be collected of Oriole's receivables at December 31, 2020?
On April 1, the cash account balance was $7,850. During April, cash receipts totaled $41,850, and the April 30 balance was $9,150.
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