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please show step by step All of Gaylord Corporation's sales are on account. 35% of the sales on account are collected in the month of

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All of Gaylord Corporation's sales are on account. 35% of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: 1) What is the amount of cash that should be collected in March? 2) What is the budgeted accounts receivable balance at the end of March

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