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X-Tel budgets sales of $65,000 for April, $115,000 for May, and $85,000 for June. Sales are 50% cash and 50% on credit. All credit sales
X-Tel budgets sales of $65,000 for April, $115,000 for May, and $85,000 for June. Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $11,000. Prepare a schedule of cash receipts from sales for April, May, and June
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