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Sales on account for the first two months of the current year are budgeted as...

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Accounting

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Sales on account for the first two months of the current year are budgeted as follows. All sales are made on terms of 2/10,n/30 ( 2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows. Compute the estimated cash collections on accounts receivable for the month of February

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