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QS 20-20 Cash receipts, with uncollectible accounts LO P2 The Gultar Shoppe reports the following sales forecast: August, $190,000; September, $170,000. Total sales includes 30%
QS 20-20 Cash receipts, with uncollectible accounts LO P2 The Gultar Shoppe reports the following sales forecast: August, $190,000; September, $170,000. Total sales includes 30% cash sales, 50% credit sales collected i sales written off as uncollectible. Prepare a schedule of cash recelpts for September. in the month following sale, and 20% credit THE GUITAR SHOPPE Cash Receipts Budget For Month Ended September 30 Cash receipts from August sales Cash receipts from September sales Total budgeted cash receipts
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