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The Guitor Shoppe reports the following sales forecast: August, $120,000; and September, $250,000. Total sales include 40% cash sales, 55% of credit sales collected in

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The Guitor Shoppe reports the following sales forecast: August, $120,000; and September, $250,000. Total sales include 40% cash sales, 55% of credit sales collected in the month following sale, and the remaining 5% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September

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