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Budgeted sales account) May From past experience, the company has learned that 20% of a...

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Accounting

Budgeted sales account) May From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 65% are in the month following sale, and the remaining 15% are collected in the second month following saleBad debts are and can be ignored. February sales totaled $350,000, and March sales totaled $380,000 Required: Prepare a schedule of expected cash collections from sales , by month and in total, for the second quarter What is the accounts receivable balance on June 30th? Complete question by entering your answers in the tabs below. 2 a of expected cash collections from sales, by month and in total, for the second quarter Expected Collections May February sales March sales May sales June sales Total cash collections

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