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Eastern Auto Parts Inc. has 25 percent of its sales paid for in cash and 75 percent on credit. All credit accounts are collected in

Eastern Auto Parts Inc. has 25 percent of its sales paid for in cash and 75 percent on credit. All credit accounts are collected in the following month. Assume the following sales:

January $ 75,000
February 65,000
March 110,000
April 55,000

Sales in December of the prior year were $85,000. Prepare a cash receipts schedule for January through April.

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