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Village industries expects total sales for Jan, Feb, and Mar to be $300,000, $350,000, and...

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Accounting

Village industries expects total sales for Jan, Feb, and Mar to be $300,000, $350,000, and $400,000 respectively. All sales are on credit. It expects to collect 60% of the sales in the month of sale and 35% in the following month.

a) Compute the cash collections from customers for Feb and Mar.

February: $ March: $

b) Compute the accounts receivable for :

March: $ April: $

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