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Concord/Nett, Ltd personalizes scrapbooks for customers. using their digital photogaphs. Each scrapbook sells for $75. Concord/Neff collects cast at the time of sale from 30%

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Concord/Nett, Ltd personalizes scrapbooks for customers. using their digital photogaphs. Each scrapbook sells for $75. Concord/Neff collects cast at the time of sale from 30% of castomers, Of the remaining sales, 75% are collected in the month of sabe and 25% are collected in the month lollowing the sale. The sales budget for the first six months of the year is as follows: Prepare Concord/Neff's cash receipts budget for the second quarter. Enter answers in necesiary fields ondy, Leave other fields blank. Do notenter 0. Calculate the accounts receivable balance at the end of second puarter. Accounts Receivable balance at the end of second quarter $

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