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Problem 4 - 1 7 ( Algo ) Schedule of cash receipts [ LO 4 - 2 ] J . Lo's Clothiers has forecast credit
Problem Algo Schedule of cash receipts LO
J Lo's Clothiers has forecast credit sales for the fourth quarter of the year:
Experience has shown that percent of sales are collected in the month of sale, percent are
collected in the following month, and percent are never collected.
Prepare a schedule of cash receipts for J Lo's Clothiers covering the fourth quarter October through
December
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