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The Guitar Shoppe reports the following sales forecast: August, $160,000; and September, $260,000. Total sales include 35% cash sales, 45% of credit sales collected in
The Guitar Shoppe reports the following sales forecast: August, $160,000; and September, $260,000. Total sales include 35% cash sales, 45% of credit sales collected in the month following sale, and the remaining 20% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September
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