The remainder is bad debts and is not collected

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Reference no: EM131309797

ABC Company has the following projected sales: Month Sales $ April 34,972 May 38,440 June 37,490 July 17,614 ABC collects 64 percent of its sales in the month of sale, 20 percent in the month following the month of sale, and another 1 percent in the second month following the month of sale. The remainder is bad debts and is not collected. What is the amount of the July collections?

Reference no: EM131309797

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