Gove Company has an accounts receivable balance of $357,000 at the beginning of the year.Credit sales for the year are projected at $975,000.Management estimates that 95% of the beginning accounts receivable plus 75% of the credit sales will be collected during the period.What is the projected balance of the ending accounts receivable?

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The Answer of Gove Company has an accounts receivable balance of $357,000 at the beginning of the year.Credit sales for the year are projected at $975,000.Management estimates that 95% of the beginning accounts receivable plus 75% of the credit sales will be collected during the period.What is the projected balance of the ending accounts receivable?

Gove Company Has an Accounts Receivable Balance of $357,000 at the Beginning