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ABC Co. has an average collection period of 60 days. Total credit sales for the year were $3,000,000. What is the balance in accounts receivable at

ABC Co. has an average collection period of 60 days.  Total credit sales for the year were $3,000,000.  What is the balance in accounts receivable at year-end?
A) $50,000
B) $100,000
C) $500,000
D) $80,000

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