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Campbells Wholesale Company is preparing monthly cash budgets for the fourth quarter of the year. Monthly sales revenue in this quarter is estimated as follows:
Campbells Wholesale Company is preparing monthly cash budgets for the fourth quarter of the year. Monthly sales revenue in this quarter is estimated as follows: October, $32,800; November, $26,000; and December, $21,200. All sales are made on open credit with 70% collected in the month of sale and 30% collected in the following month. What is the estimated total cash collected in November? December?
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