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(Solved): Your accounts receivable clerk, Michelle Adams, to whom you pay a salary of $1,600 per month, has ...



Your accounts receivable clerk, Michelle Adams, to whom you pay a salary of \( \$ 1,600 \) per month, has just purchased a ne

Your accounts receivable clerk, Michelle Adams, to whom you pay a salary of per month, has just purchased a new Acura. You decide to test the accuracy of the accounts receivable balance of as shown in the ledger. The following information is available for your first year in business. Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account. The ending balance of accounts receivable from customers Apparent shortage


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Cost of Goods SoldMerchandise purchased$320,000Less: Ending
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