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23) Sunland, Inc.reports all its sales on credit, and pay operating costs in the month incurred. Amounts for 2022 w March April May June July
23)
Sunland, Inc.reports all its sales on credit, and pay operating costs in the month incurred. Amounts for 2022 w March April May June July Budgeted sales $300800 $280400 $320900 $280600 $209500 Budgeted purchmes $143000 $120700 5128200 $132600 $19000 Customer amounts on account are collected in the month of sale and 35% in the following month Cost of goods sold is 55% of sales Sunland purchases and pays for merchandise 43% in the month of acquisition and 55ks in the following month Operating expenses areSalaries, $50600, Depreciation. 511300: Rent $15000, and Lines. 513500 Accounts payable is used only for inventory acquisition How much is Sunland's May 31, 2022 budgeted Accounts Receivable? $112315 $309875 5208585 $320900 Step by Step Solution
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