Nonna's Re-Appliance Store collects 55% of its accounts receivable in the month of sale and...
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Accounting
Nonna's Re-Appliance Store collects 55% of its accounts receivable in the month of sale and 40% in the month after the sale. Given the following sales, how much cash will be collected in February? Dec. 2017 Jan. 2018 Feb. 2018 $22,000 $62,000 $65,000 Cash collected $
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