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Given the following information, how much revenue would be recognised in June? (i)Credit sales of $100 000 in June, 30 per cent to be collected

Given the following information, how much revenue would be recognised in June?

(i)Credit sales of $100 000 in June, 30 per cent to be collected in June.

(ii)Collected $80 000 in June from customers for May sales.

(iii)Received a deposit in June from a customer for $40 000 for work to be carried out in August.

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