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Please verify the solution and explain the steps to ge the solution. Question 11 8.34 pts Huckleberry Hound has prepared the following sales budget: Month

Please verify the solution and explain the steps to ge the solution.

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Question 11 8.34 pts Huckleberry Hound has prepared the following sales budget: Month Cash Sales Credit Sales September $99,000 $250,000 October 225,000 180,000 November 310,000 210,000 December 94,000 170,000 Collections of credit sales are 50% in the month of sale, 40% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected. What is the expected balance in Accounts Receivable at November 30? O $77,500 $210,000 O $123,000 $105,000

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