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Receives commission on sales: 3 0 % commission on sales. Collection period: 3 0 % in month of sale and 7 0 % in month

Receives commission on sales:

30 %

commission on sales. Collection period:

30 %

in month of sale and

70 %

in month after sale. The estimated monthlOctober is $

30000,

November is $

35000,

December is $

42000 .

How is this shown on the income statement of quarter ending

31

December?

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