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Nancy and Frank Products Lid is trying to forecast Accounts Recorabla On Jan 1, 2022 it has $620 in Accounts Receivable. On average 20 of

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Nancy and Frank Products Lid is trying to forecast Accounts Recorabla On Jan 1, 2022 it has $620 in Accounts Receivable. On average 20 of sales are collected at the time of salo and 80% are collected the following month Determine the month onding balance for Accounts Receivable for Jan Feb and Marif payments rived in December are $1620 Sales for Doc, Jan Feb and Morro 52000 52000 52000 and $3800 respectively. You must show all your work and provide appropriate explanations for your calculations For the toolbar, press ALT-10 (C) or ALTHINFO (Mac)

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