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  3. 10. in addition to the info in problem #1, and bas

10. In addition to the info in problem #1, and based on past experience, the...

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Accounting

10. In addition to the info in problem #1, and based on past experience, the
company expects to collect 90% of the month's sales in the current month,
and 10% in the month following the sale. The accounts receivable balance
at 12/31/23 was $100,000 and is deemed fully collectible.
Prepare the Cash Receipts Budget for Jan, Feb, & March.
Also calculate the Accounts Receivable balance on 3/31/2

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