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Shedalight, Inc. has 62% of its sales in cash and the remaining amount in credit....

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Accounting

Shedalight, Inc. has 62% of its sales in cash and the remaining amount in credit. Credit sales are collected as follows: 45% in the same month and 55% in the following month. Calculate the cash receipts for September given the following information:

Month Sales June $74,200 July $88,500 August $92,200 September $87,000

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