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How is the ending balance of ar from customer

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Question - In testing the accuracy of the AR balance of $82,000 if the following information is available:

Collections from customers - $198,000

Merchandise purchased - 320,000

Ending merchandise inventory - 90,000

Goods are marked to sell at 40% above cost

How is the ending balance of AR from customer of $124,000 calculated?

Reference no: EM132193226

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