Fearless Company began operations at the beginning of current year. The following information is available...
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Fearless Company began operations at the beginning of current year. The following information is available for the current year Total merchandise purchases Ending inventory Collections from customers 7.000.000 1,400,000 4,000,000 All merchandise is marked to sell at 40% above cost. All sales are credit sales and all accounts are collectible What is the balance of accounts receivable at year-end
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