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Harrington makes all sales on account, subject to the following collection pattem: 20% are collected in the month of Sale; 70% are collected in the
Harrington makes all sales on account, subject to the following collection pattem: 20% are collected in the month of Sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. I' sales for June, July, and August were $70,000, $110,000, and $100,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 317 suqust Collections requst 31 Receivables Balance $ 97,000 $117.000 $104,000 $ 91,000 $100,000 $ 80,000 D. $ 197,000 $ 91,000 E. None of these options is correct. M B. Multiple Choice O Choice A Choice O Choice O Choce D O Choice
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