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Indicates the half of the outstanding accounts will incur

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Cash Sales $900,000

Net credit sales $750,000

Accounts Receivable $160,000

Allowance for doubtful accounts 1,500

Problem 1: An aging of accounts receivable indicates the half of the outstanding accounts will incur a 3% loss, a quarter will incur 6% loss, the remaining quarter will incur a 20% loos.

Reference no: EM132830629

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