Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000.
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Which of the following entries records the receipt of cash from clients on account? a. Accounts Receivable, debit; Fees Earned, credit b. Accounts Receivable, debit; Cash, credit c. Cash, debit; Accounts Receivable, credit d.
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