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A company budgets total sales for each of the next three months. All sales are on credit, 5% of which are written off as uncollectible.

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A company budgets total sales for each of the next three months. All sales are on credit, 5% of which are written off as uncollectible. The company collects 60% of credit sales in the first month after sale, and 35% in the second month after sale. Prepare a schedule of cash receipts from sales for June

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