=+The company expects to sell 10% ofits merchandise for cash. Ofsales on account, 50% are expected to
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=+The company expects to sell 10% ofits merchandise for cash. Ofsales on account, 50% are expected to be collected in the month ofthe sale, 40% in the month following the sale, and the remainder in the second month following the sale.
Prepare a schedule indicating cash collections from sales for March, April, and May.
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