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What the opening Accounts Receivable balance as at July

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Question - Debtor collections are 60% in the month of the sale, 30% in the month after the sale and 10% in the second month after the sale. Credit sales are $15,000 for April, $14,300 for May and $13,200 for June. What the opening Accounts Receivable balance as at 1 July?

a. $16,500

b. $6,710

c. $14,610

d. $13,200

Reference no: EM133015628

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