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All of Gaylord Boutique's sales are on account. In the past, 15% of the amounts charged have been paid in the same month as the
All of Gaylord Boutique's sales are on account. In the past, 15% of the amounts charged have been paid in the same month as the sale, 60% were paid in the following month, and the rest were paid in the second month following the sale. Sales for selected months are given below: Prepare the cash receipts budget for the first three months of 2021
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