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Trumbull Corporation budgeted soles on account of $112,000 for July, $211,000 for August, and $197,000 for September Experience indicates that none of the sales on

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Trumbull Corporation budgeted soles on account of $112,000 for July, $211,000 for August, and $197,000 for September Experience indicates that none of the sales on account will be collected in the month of the sale, 60% wil be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts recelvable that should be budgeted for September would be: Mutiple Cholce $66,920 5191.8ABO 5145.080 $105,000

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