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Prepare entries to record the items

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Question - Presented below is information for Riverbed Company. Prepare (summary) entries to record the items noted below.

1. Beginning-of-the-year Accounts Receivable balance was $22,700.

2. Net sales (all on account) for the year were $101,600. Riverbed does not offer cash discounts.

3. Collections on accounts receivable during the year were $82,300.

Reference no: EM133085266

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