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During its first year of operations, Widgets Incorporated reported Sales Revenue of $387,700 but collected...

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Accounting

During its first year of operations, Widgets Incorporated reported Sales Revenue of $387,700 but collected only $305,500 from customers. At the end of the year, Accounts Receivable equal:

a.$693,200.

b.$305,500.

c.$387,700.

d.$82,200.

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