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The Guitar Shoppe reports the following sales forecast: August. $150,000: September. $240,000. Cash sales are normally 40% of total sales 45% of credit sales are
The Guitar Shoppe reports the following sales forecast: August. $150,000: September. $240,000. Cash sales are normally 40% of total sales 45% of credit sales are collected in the month following sale, and the remaining 15% of credit sales are written off as uncollectible. Prepare a schedule of cash receipts for September
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