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Answer the Following Questions Using the Information Below

Question 138

Multiple Choice

Answer the following questions using the information below:
Monetary Company has the following sales budget for the last six months of 2011:
Answer the following questions using the information below: Monetary Company has the following sales budget for the last six months of 2011: Historically, the cash collection of sales has been as follows: -What is the ending balance of accounts receivable for September, assuming uncollectible balances are written off during the second month following the sale? A) $199,000 B) $97,000 C) $89,800 D) $93,000 Historically, the cash collection of sales has been as follows:
Answer the following questions using the information below: Monetary Company has the following sales budget for the last six months of 2011: Historically, the cash collection of sales has been as follows: -What is the ending balance of accounts receivable for September, assuming uncollectible balances are written off during the second month following the sale? A) $199,000 B) $97,000 C) $89,800 D) $93,000
-What is the ending balance of accounts receivable for September, assuming uncollectible balances are written off during the second month following the sale?


A) $199,000
B) $97,000
C) $89,800
D) $93,000

Correct Answer:

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