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Music World reports the following sales forecast: August, $130,000; and September, $230,000. Cash sales are normally 40% of total sales and all credit sales are
Music World reports the following sales forecast: August, $130,000; and September, $230,000. Cash sales are normally 40% of total sales and all credit sales are expected to be collected in the month following the date of sale. Prepare a schedule of cash receipts for September MUSIC WORLD Cash Receipts Budget For Month Ended September 30 September cash sales Collection of accounts receivable Total budgeted cash receipts $ 0 es
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