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Question 10 of 10 - / 10 E View Policies Current Attempt in Progress...

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Question 10 of 10 - / 10 E View Policies Current Attempt in Progress Coronado/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $40. Coronado/Neff collects cash at the time of sale from 30% of customers. Of the remaining sales, 75% are collected in the month of sale and 25% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: January February March April May June Budgeted sales $111.000 $101,000 $ 101,000 $103,000 $ 106,000 $116,000 Prepare Coronado/Neff's cash receipts budget for the second quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter O.) April May June Total Cash Receip Cash sales $ $ $ $ March sales April sales May sales June sales Totals $ $ Calculate the accounts receivable balance at the end of second quarter. Accounts Receivable balance at the end of second quarter $

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