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Business, 25.11.2021 06:10 hcpscyruscm

The December 31, 2018, balance sheet of the Kramer Company had Accounts Receivable of $650,000 and a credit balance in Allowance for Doubtful Accounts of $33,000. During 2019, the following transactions occurred: sales on account $1,420,000; collections from customers, $1,250,000; accounts written off, $35,000; previously written off accounts of $5,000 were reinstated and the cash was collected. Determine the December 31, 2019 ending balance for Accounts Receivable.

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The December 31, 2018, balance sheet of the Kramer Company had Accounts Receivable of $650,000 and a...

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