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( LO 6 - 1 ) Eastern Auto Parts Inc. has 1 5 percent of its sales paid for in cash and 8 5 percent

(LO6-1) Eastern Auto Parts Inc. has 15 percent of its sales paid for in cash and 85 percent on credit. All credit accounts are collected
in the following month. Assume the following sales:
Sales in December of the prior year were $75,000.
Prepare a cash receipts schedule for January through April.
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