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Sales in December were $960,000. Projected sales for the first quarter of 20X0 are: January...

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Accounting

Sales in December were $960,000. Projected sales for the first quarter of 20X0 are:

January $1,080,000

February $1,200,000

March $1,280,000

Sales are 20% cash and 80% on credit. Debtors pay in the month following sale. What will be the balance of Debtors on March 1?

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