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Mo ' Accounting expects credit sales in the next quarter as follows: Prior experience has shown that 5 0 percent of a month's sales are
Mo Accounting expects credit sales in the next quarter as follows:
Prior experience has shown that percent of a month's sales are collected in the month
of sale, percent in the month following sale, and the remaining percent in the
second month following sale. May and June sales were $ and $
respectively. Estimate budgeted cash receipts for July, August, and September.
July
August
September
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