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Assume Green Leaf Nursery anticipated sales of $50...

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Assume Green Leaf Nursery anticipated sales of $500 in the first quarter. Accounts receivable at the beginning of the year was $300. Assuming a collection period of 30 days, which is the approximate beginning balance for the second quarter? a. $550 b. $630 c. $250 d. $170 e. None of the above

 

Paper#7147 | Written in 18-Jul-2015

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