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Javier Company developed the following data for the month of August 1. August 1 eash balance $12,300 2. Cash sales in August $80,000 3. Credit

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Javier Company developed the following data for the month of August 1. August 1 eash balance $12,300 2. Cash sales in August $80,000 3. Credit sales are: August S30,000: July $40,000, and June S40.000. 70% of credit sales are collected in the month of sale, 15% in the following month, and 10% in the second month following the sale. Purchases for July were $50,000 and for August are $40,000. One-fourth of purchases are paid in the month of purchase and the remaining three-quarters in the following month. August salaries paid are S31,400, utilities paid are $3,220, and depreciation on the building is 4. 5. $10,000. Required: A. Compute anticipated cash receipts from accounts recelvable in August (3 marks) B. Compute anticipated total cash available from all sources in August (2 marks)

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