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Business, 19.06.2020 17:57 tiwaribianca475

Aspen Firs had an accounts receivable balance of $21,500 on its December 31, 20X4, balance sheet. Cash receipts for 20X5 show uncollected credit sales of $25,000 at the end of 20X5. Aspen is also budgeting $1,000,000 of credit sales in 20X5. What was the accounts receivable balance on the December 31, 20X5, budgeted balance sheet?

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Aspen Firs had an accounts receivable balance of $21,500 on its December 31, 20X4, balance sheet. Ca...
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