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15. Capital L Industries recently created a sales budget where expected sales are as follows: April $150,000 May $100,000 June $90,000 The company makes all

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15. Capital L Industries recently created a sales budget where expected sales are as follows: April $150,000 May $100,000 June $90,000 The company makes all of its sales on account. The company anticipates that they should be able to collect sales as follows: 70% in the month of the sale 25% in the month after the sale 5% two months after the sale * Prepare a cash collections schedule for the company for the month of June

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