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CE Company reported the following information for 2022: October November December Budgeted sales $1330000 $1120000 $1500000 All sales are on credit. Accounts receivable are collected
CE Company reported the following information for 2022:
| October | November | December | |
| Budgeted sales | $1330000 | $1120000 | $1500000 |
- All sales are on credit.
- Accounts receivable are collected 50% in the month of sale and 50% in the following month.
What are budgeted cash receipts for November?
Group of answer choices
$560000
$1310000
$1120000
$1225000
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Contemporary Auditing Real Issues And Cases
Authors: Michael Chris Knapp
9th International Edition
1133187900, 978-1133187905
