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Problem 1 The following information is from Stacy Corporation's 2021budget: Month Sales October 42,000 November 48,000 December 60,000 Cash is collected from customers in the

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Problem 1 The following information is from Stacy Corporation's 2021budget: Month Sales October 42,000 November 48,000 December 60,000 Cash is collected from customers in the following manner: Month of sale 40% Month following sale 60% Required: Prepare a schedule of expected cash collections for the final two months of the year. Blanks may remain. You judge what is needed for a complete schedule. Stacy Corporation Collections by Month November December Sales Accounts Receivable, 11/1/21 Total

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