As an accountant, you are going to conduct surprise check on…
As an accountant, you are going to conduct surprise check on the accuracy of the accounts receivable balance . The following is the data of the Little Potato Company: $ Accounts receivable balance shown in the general ledger {a} Collections from customers {b} Inventory purchased {c} Ending inventory {d} Goods are marked to sell at {e}% above cost. All sales are made on account. Requirement Calculate the apparent shortages in accounts receivable. Round your answer to the whole number.
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