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tsosie company is a medical billing services firm. all sales of billing services are billed to the client (there are no cash sales). Tsosie expects
tsosie company is a medical billing services firm. all sales of billing services are billed to the client (there are no cash sales). Tsosie expects that, on average, 15% will be paid in the month of billing, 40% will be paid in the month following billing and 42% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected: March 184,000 April 200,000 May 210,000 June 235,000 July 230,000. Prepare a schedule of cash collections on accounts receivables
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