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What amount will paradise report on budgeted balance sheet

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Question - Paradise, Inc. has budgeted sales of $2,480,000 in January, $2,320,000 in February, and $2,880,000 in March. All sales are on credit and accounts are collected 50% in the month of sale and 50% in the month after sale. What amount will Paradise report on its budgeted balance sheet for accounts receivable at the end of the quarter?

Reference no: EM133149508

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