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Cloudy Company had the following historical collection pattern for its credit sales: 7 0 % collected in the month of sale 1 5 % collected
Cloudy Company had the following historical collection pattern for its credit sales: collected in the month of sale collected in the first month after month of sale collected in the second month after month of sale collected in the third month after month of sale uncollectible The sales on open account credit sales have been budgeted for the last six months of the year as shown below: July $ August $ September $ October $ November $ December $ The estimated cash collection by Cloudy Company during August from July and August credit sales is: Multiple Choice $ $ $ $ $
Cloudy Company had the following historical collection pattern for its credit sales:
collected in the month of sale
collected in the first month after month of sale
collected in the second month after month of sale
collected in the third month after month of sale
uncollectible
The sales on open account credit sales have been budgeted for the last six months of the year as shown below:
July $
August $
September $
October $
November $
December $
The estimated cash collection by Cloudy Company during August from July and August credit sales is:
Multiple Choice
$
$
$
$
$
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