Victors expects total sales of $702,000 for January and $349,000 for February. Assume that Victors's sales are

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Victors expects total sales of $702,000 for January and $349,000 for February. Assume that Victors's sales are collected as follows:
50% in the month of the sale
30% in the month after the sale
16% two months after the sale
4% never collected
November sales totaled $388,000, and December sales were $407,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar?
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Horngrens Accounting

ISBN: 978-0134674681

12th edition

Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura

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