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What the balance of the accounts receivable

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Question - Sales for October are $24,000, for November $26,000 and December $28,000. Sales are 25% cash and $75% on credit. Credit sales are invoiced on the last day of each month. Debtors pay 60% in the month after invoice date and the remainder pay in the second month after invoice date. Based on this information, what the balance of the Accounts Receivable in the general ledger as at December?

Reference no: EM133105807

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