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Exercise 8-1(Algo) Schedule of Expected Cash Collections [LO8-2] Silver Company makes a...

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Accounting

Exercise 8-1(Algo) Schedule of Expected Cash Collections [LO8-2]
Silver Company makes a product with peak sales in May of each year. Its sales budget for the second quarter is given below:
\table[[,April,May,June,Total],[Budgeted sales (all on account),$490,000,$690,000,$220,000,$1,400,000
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