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Music World reports the following budgeted sales: August, $180,000; and September, $230,000. Cash sales are 40% of total sales, and all credit sales are collected
Music World reports the following budgeted sales: August, $180,000; and September, $230,000. Cash sales are 40% of total sales, and all credit sales are collected in the month following the sale. Prepare a schedule of cash receipts from sales for September. MUSIC WORLD Schedule of Cash Receipts from Sales September Sales $ 230.000 Cash receipts from: Total cash receipts
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