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Pina Colada, Inc. has budgeted sales revenues as follow:
tableJune,July,August,Credit sales,$$$Cash sales,Total sales,$$$
Past experience indicates that of the credit sales will be collected in the month of sale and the remaining will be collected in the following month. Purchases of inventory are all on account with is paid in the month of purchase and paid in the month following purchyse. Budgeted inventory purchases are as follows:
tableJune$
