July of $440,000 and $418,000 respectively Cash sales are normal y 0% of total sales....
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July of $440,000 and $418,000 respectively Cash sales are normal y 0% of total sales. Kingston anticipates total sales for June and Of the credit sales, 15% are collected in the same month as the sale, 6 remaining 20% are collected in the sec company's budgeted balance sheet as of July 31 5% are collected during the first month after the sale, and the ondmonth after the sale. Determine the amountfaccounts receivable reported on the As of July 31 Total Sales Credit Sales Uncollected Uncollected Percent Still Amourt Sales month June July Total 440,000 418,000
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