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MadaK Company has the following sales for the first quarter of 2015: Sales on account are collected the month after the sale. The Accounts Receivable

MadaK Company has the following sales for the first quarter of 2015: Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $12, 600, the amount of December's sales on account. Calculate the cash receipts from customers for the first three months of 2015

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