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prepare an expected cash collection schedule for the first and second months. Laurence Company has furnished the following information Laurence Company has furnished the following

prepare an expected cash collection schedule for the first and second months.

Laurence Company has furnished the following information

Laurence Company has furnished the following information: Forecast sales for 1st month Forecast sales for 2nd month ash sales = 25% of total sales ollection schedule of the sales on redit: In month sold n next month $400,000 300,00 65 35

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