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The following information pertains to Z Corporation: Cash is collected from customers in the following manner: 40% of purchases are paid for in cash in

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The following information pertains to Z Corporation: Cash is collected from customers in the following manner: 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Required: a. Prepare a summary of cash collections for the 4th quarter. b. Prepare a summary of cash disbursements for the 4 th quarter

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