(Answered) Comfy shoes began operations on january 1 by december 31

Management Studies

Comfy Shoes began operations on January 1. By December 31, Comfy Shoes had sales of $800,000. Eighty percent of Comfy Shoes' sales are on account. $500,000 was collected throughout the year and bad debts were estimated at $5,000. At the end of the period, net accounts receivable were:

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