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Woody Corporation has budgeted for the following sales : July August September October November December $ 380,000 360,000 $ 440,000 $ 560,000 $ 480,000 $
Woody Corporation has budgeted for the following sales : July August September October November December $ 380,000 360,000 $ 440,000 $ 560,000 $ 480,000 $ 640,000 Sales are collected as follows: 60% in the month sale; 30% in the month following the sale; and the remaining 10% in the second month following the sale. In Woodys budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
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