The cash receipts from accounts receivable

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Reference no: EM131554155

XYZ Company budgeted sales on account of $120,000 for July, $210,000 for August, and $198,000 for September. Collection experience indicates that 60% of the budgeted sales will be collected the month after the sale, 35% will be collected the second month, and 5% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be.

Reference no: EM131554155

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