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Creta s makes all sales on account, subject to the following collection pattern: 2 2 % in the month of sales, 2 3 % in
Cretas makes all sales on account, subject to the following collection pattern: in the month of sales, in the first month after sales, in the second month after sales, and in the third month after sales. is not collected If sales were and respectively for the month of July, August and September. Calculate the budgeted collection for August and budgeted receivables outstanding on September?
Note: Show the detailed calculations in excel.
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