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Lookout Corporation budgeted sales on account of $ 1 5 0 , 0 0 0 for July, $ 1 7 5 , 0 0 0

Lookout Corporation budgeted sales on account of $150,000 for July, $175,000 for August, and $200,000 for September. Experience indicates that 100% of the sales on account will be collected in the month of the sale. The cash receipts from accounts receivable that should be budgeted for August would be:
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