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PJ sells goods to customers on credit. It is forecast that credit sales for July will be $36,000 and that sales will increase by $2,000

PJ sells goods to customers on credit. It is forecast that credit sales for July will be $36,000 and that sales will increase by $2,000 per month for the next six months. Based on past experience PJ expects 50% of customers to pay in the month after sale, 25% of customers to pay 2 months after sale and the remainder to pay 3 months after sale.

PJ has a trade receivables balance outstanding at the beginning of July of $65,000.Show the cash that PJ will receive from credit customers during the six month period to the end of December.

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