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19. A merchandising company has $64,000 of accounts receivable at April 30. In May it expects to collect 75% of these receivables and 30% of

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19. A merchandising company has $64,000 of accounts receivable at April 30. In May it expects to collect 75% of these receivables and 30% of the may sales on account. Its budgeted credit sales for May are $70,000. The budgeted accounts receivable at May 31 would be: A. $69,000 B. $65,000 C. $37,000 D. $97,000

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