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Schedule of Cash Receipts with Uncollectibles:: Please help with the following, and describe your computations so I can understand for the next problem. Thanks in
Schedule of Cash Receipts with Uncollectibles::
The Gultar Shoppe reports the following budgeted sales: August, $110,000; and September. $260,000. For its total sales, 40% are immediately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 10% are written off as uncollectible. Prepare a schedule of cash recelpts from sales for September Please help with the following, and describe your computations so I can understand for the next problem. Thanks in advance! :)
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