It takes carlson corp 30 days on average to collect its, Accounting Basics

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It takes carlson corp 30 days on average to collect its

Working Backward: Accounts Receivable Turnover

It takes Carlson Corp. 30 days on average to collect its accounts receivable. The company began the year with $10,500 in accounts receivable. Sales on credit for the year amounted to $150,000.

Required

Assuming 360 days in a year, determine the amount of Carlson's accounts receivable at the end of the year.

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