$4$

E$8-17($Algo$)$ Calculating Cash Receipts $[$LO $8-4]$

$5$

points

McFarland Company makes $65$ percent of its sales in cash. Credit sales are collected as follows: $65$ percent in the month of sale and $35$ percent in the month following the sale.

McFarland's budgeted sales for upcoming months follow:

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$\backslash$table$[[$June$,$$$24,400$