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Is expected to be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is expected to

image text in transcribed Is expected to be collected in the month following the sale, 17% the second month, 6% the third month, and the balance is expected to be uncollectible. What is the amount of cash to be collected in the month of August? Multiple Choice $55,818 $52,938 $61,430 $56,140

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