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Selig Inc. found that about 30% of its sales during the month were for cash. The company has the following accounts receivable payment experience: Line
Selig Inc. found that about 30% of its sales during the month were for cash. The company has the following accounts receivable payment experience: Line Item Description Percent Percent paid in the month of sale 20 Percent paid in the month after the sale 68 Percent paid in the second month after the sale 7 Selig's anticipated sales for the next few months are as follows: Month Amount April $250,000 May 290,000 June 300,000 July 315,000 August 295,000 Required: Question Content Area 1. Calculate credit sales for May. fill in the blank 1 of 4$ Calculate credit sales for June. fill in the blank 2 of 4$ Calculate credit sales for July. fill in the blank 3 of 4$ Calculate credit sales
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