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Compton Company expects the following total sales: Month March April May June Sales $ 37,000 $ 27,000 $ 21,000 $32,000 The company expects 70% of
Compton Company expects the following total sales: Month March April May June Sales $ 37,000 $ 27,000 $ 21,000 $32,000 The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% in the month of sale, 75% in the month following the sale. The budgeted accounts receivable balance on May 31 is: $9,625 O $11,025. $28,640. $15,750. O
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