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The following sales are budgeted for July August September October November December $445,800 $580,800 $615,400 $890,400 $734,000 $694,000 Sales are collected as follows: 20% in
The following sales are budgeted for July August September October November December $445,800 $580,800 $615,400 $890,400 $734,000 $694,000 Sales are collected as follows: 20% in the month of sale; 55% in the month following the sale; and the remaining 25% in the second month following the sale. Q: At what amount will accounts receivable be shown for LRNYMQ646 at December 31? Multiple Choice $694,000 $183,500 #F55.23
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