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Sales in January and February wore $41,000 and $39.000, respectively. Experience has shown that of...

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Accounting

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Sales in January and February wore $41,000 and $39.000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible, 35 percent are collected in the month of saie, 25 percent are collected in the following month, and 30 perent are collected two months after sale, Prepare a monthly cash receipts schedule for the firm for March through August. te $41,000 and $39,000, respectively. Experience has shown that of total sales receipts to percent ollected in the month of salo, 25 percent are collected in the following month and 30 percent are chedule for the firm for March through August

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