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At the end of 2020, Cheyenne Company has accounts receivable of $ 768,000 and an allowance for doubtful accounts of $ 38,400. On January 16, 2021, Cheyenne Company determined that its receivable from Ramirez Company of $ 5,760 will not be collected, and management authorized its write-off.
Problem 1: What is the net amount expected to be collected of Cheyenne Company's accounts receivable after the write-off of the Ramirez receivable?
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