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. Frank's Sporting lGoods projects sales for the second quarter of 2000 to be as follows: April 15100000 1351113; 5130.000 Jun: $l10L000 Ten percent of

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. Frank's Sporting lGoods projects sales for the second quarter of 2000 to be as follows: April 15100000 1351113; 5130.000 Jun: $l10L000 Ten percent of Frank's sales are for cash; T0% of accounts receivable are collected one month following the sale, and the rest are collected two months following the sale. January,r sales were $40,000, February.r sales were $00000, and March sales were $80,000. t) Prepare a rnonthlt.r schedule of cash receipts for the second quarter of 2000. B) What is the balance in accounts receivable at the end ofJune

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