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Question 2 Texas Co. had the following historical pattern for its credit sales: 50% collected in the month of sale 30% collected in the first
Question 2 Texas Co. had the following historical pattern for its credit sales: 50% collected in the month of sale 30% collected in the first month after sale 15% collected in the second month after sale 5% uncollectible The sales on open account (credit sales) have been budgeted for the last four months of the year as shown below. September $120,000 October $110,000 November $140,000 December $130,000 Required: a. The estimated total cash collections during December is: b. The estimated total cash collections during November is: c. The estimated total cash collections during October is TT T Arial 3 (12pt) T-E
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