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J . Lo's Clothiers has forecast credit sales for the fourth quarter of the year: Experience has shown that 2 5 percent of sales are
J Lo's Clothiers has forecast credit sales for the fourth quarter of the year:
Experience has shown that percent of sales are collected in the month of sale, percent are collected in the following month, and
percent are never collected.
Prepare a schedule of cash receipts for J Lo's Clothiers covering the fourth quarter October through December
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