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6 1.25 points 00:49:25 The Guitar Shoppe reports the following budgeted sales: August, $150,000; and September, $250,000. For its total sales, 35% are immediately
6 1.25 points 00:49:25 The Guitar Shoppe reports the following budgeted sales: August, $150,000; and September, $250,000. For its total sales, 35% are immediately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 15% are written c uncollectible. Prepare a schedule of cash receipts from sales for September. THE GUITAR SHOPPE Schedule of Cash Receipts from Sales Sales September $ 250,000 Cash receipts from: ellook Collections of prior period sales Cash sales Total cash receipts $ 0 Hint Print References
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