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Receivables are collected 40% in the month of sale, 45% in the month following sale, and 15% in the second month following sale. Budgeted sales:

Receivables are collected 40% in the month of sale, 45% in the month following sale, and 15% in the second month following sale.

Budgeted sales: July $28,000, August $24,000, September $30,000

Determine the September ending receivables balance:

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