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Assume a company is preparing a budget for its first two months of operations. During the first and second month expects credit sales of $54,000
Assume a company is preparing a budget for its first two months of operations. During the first and second month expects credit sales of $54,000 and $72,000, respectively. The company expects to collect 60% of his credit sales in the month of the sale and the remaining 40% in the following month. What amount of accounts receivable with the company report in its balance sheet at the end of the second month??
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