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ABC company has budgeted $100,000 of sales for January. Sales are 80% cash and 20% on credit. Credit sales are collected 100% in the month

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ABC company has budgeted $100,000 of sales for January. Sales are 80% cash and 20% on credit. Credit sales are collected 100% in the month following the sale A/R at Dec31=$15,000 What were the December credit sales? Select one: $100,000 none of the answers is correct $15,000

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