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The PDQ company collects credit sales according to the following schedule: 25% in the month of sale 70% in the month following the sale 4%

The PDQ company collects credit sales according to the following schedule:
25% in the month of sale
70% in the month following the sale
4% in the second month after the sale
1% uncollectible

The costs have been budgeted following sales
April............100,000
May............120,000
June............110,000

Show a schedule of Cash receipts for June.



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