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Prepare an schedule of cash receipts for j lo clothiers

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J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year:

Experience has shown that 35 percent of sales are collected in the month of sale, 55 percent are collected in the following month, and 10 percent are never collected.

Prepare an schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December).

Reference no: EM132621924

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