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Accounting

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Pina Colada, Inc. has budgeted sales revenues as follow:
\table[[,June,July,August,],[Credit sales,$139,000,$129,000,$99,000,],[Cash sales,99,000,250,000,,192,000],[Total sales,$238,000,$379,000,$291,000,]]
Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on account with 50% is paid in the month of purchase and 50% paid in the month following purchyse. Budgeted inventory purchases are as follows:
\table[[June,$300,000
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