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Budgeted sales for the month of April are shown in the following table: Sales April May June Cash Sales $ 700 Sales on Account $

Budgeted sales for the month of April are shown in the following table:

Sales April May June

Cash Sales $ 700

Sales on Account $ 1,000

The company expects a 20% increase in sales per month for May and June. Also, the company expects to collect cash from receivables in the month following the month in which the receivables are established. The amount of accounts receivable appearing on the pro forma balance sheet would be

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