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Financialaccounting Questions
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In 2022, Blossom Company has net credit sales of $1,727,000 for the year. It had a beginning accounts receivable (net) balance of $102,000 and an ending accounts receivable (net) balance of $118,000.
At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $197,000 and in Allowance for Doubtful Accounts of $9,040 (credit). During the period, it had net credit sales of $862,700 and collections of $838,670. It wrote
The ledger of Splish Brothers Inc. at the end of the current year shows Accounts Receivable $73,000; Credit Sales $840,000; and Sales Returns and Allowances $40,000.
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