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Sales have been budgeted as $200.000 April $170,000 May $160,000 June The collections on sales is scheduled as follows: 40% in the month of the

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Sales have been budgeted as $200.000 April $170,000 May $160,000 June The collections on sales is scheduled as follows: 40% in the month of the sale 50% in the month following the sale 10% in the second month following the sale What is the accounts receivable balance at the end of May? TYPE YOUR ANSWER WITHOUT DOLLAR SIGNS OR DECIMALS

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