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From the following data for Fantastic Sales, calculate the receipts from the accounts receivable for September, October and November 2020. Actual Estimated July August September
From the following data for Fantastic Sales, calculate the receipts from the accounts receivable for September, October and November 2020. Actual Estimated July August September October November Credit sales $105 000 $90 000 $92000 $106 000 $87 000 Note: Credit sales are normally settled according to the following pattern: 20 percent in the month of the sale, 50 percent in the month following the sale and the remainder in the second month following the sale
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