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Customer accounts are collected 50 in the month of sale and

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Munson Company reported the following information for 2011: October November December Budgeted sales $930,000 $870,000 $1,080,000

• All sales are on credit.

• Customer accounts are collected 50% in the month of sale and 50% in the following month. How much is still owed to Munson at December 31st if $12,800 were not collected from the amount that should have been collected from November sales in December?

Reference no: EM13606103

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