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Red Maple Corporation sells gizmos. All sales are on account and collected 50% in the month of sale, 50% in the month following sale. In December 2017 sales were $40,000. In 2018 January sales were $32,000 and February sales were $35,000. Projected sales for March are 2,700 gizmos at $12 each. The cash balance at December 31 2017 was $11,430.
Instruction:
Problem 1: Make a cash budget for the months ending January and February 2018 in good form
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