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SalaRitas sales are 32% cash and 68% credit. Of the credit sales, 40% of credit...

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Accounting

SalaRitas sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in the month following the sale, and 15% is collected two months after. Budgeted sales data is as follows:

June $200,000

July 120,000

August 150,000

How much is total Accounts Receivable at the end of August?

A. $61,200

B. $73,440

C. $99,600

D. $108,000

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