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Exercise 10-10 The Accustart Antique Mall budgeted credit sales in the first quarter of 2018 to be as follows: January February March $141,000 150,000 160,000

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Exercise 10-10 The Accustart Antique Mall budgeted credit sales in the first quarter of 2018 to be as follows: January February March $141,000 150,000 160,000 Credit sales in December 2017 are expected to be $194,000. The company expects to collect 95 percent of a month's sales in the month of sale and 5 percent in the following month. Estimate cash receipts for each month of the first quarter of 2018. Collection of credit sales January February March Collection of December sales $ $ Collection of January sales Collection of February sales Collection of March sales Click if you would like to Show Work for this question: Open Show Work

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