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4 X-Tel budgets sales of $60,000 for April, $125,000 for May, and $95,000 for June. Sales are 40% cash and 60% on credit All credit
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X-Tel budgets sales of $60,000 for April, $125,000 for May, and $95,000 for June. Sales are 40% cash and 60% on credit All credit sales are collected in the month following the sale. Total sales for March were \$14,000. Prepare a schedule of cash receipts from sales for April, May. and June Step by Step Solution
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