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Dijon LLC consults to the mustard manufacturing industry. As of the start of the current month, June, the LLCs balance sheet was as follows:
Assets
Cash $8,000
Accounts Receivable $15,000
Property $2,000
Liabilities
Accounts Payable $5,000
Business Loan Payable $6,000
Owners Equity $14,000
If only the following transactions occur during the month, what is the balance in accounts receivable at the end of the month?
1. Invoices clients $9,000 for work performed, with amounts due in July
2. Collects 80% of amounts due to the LLC at the start of the month
3. Pays employee salaries of $6,000
4. Pays 100% of accounts payable from the start of the month
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