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Projected Sales
April: $75,000 May: $95,000 June: $100,000
70% of sales are on credit with 60% of recievables collected in the month after the sale and the rest of recievables collected in the second month after the sale. February sales were $60,000 and March sales were $70,000. In the past bad debt percentage has been 0 and is expected to continue
a. Prepare a monthly schedule of cash reciepts for Pril-June
b. What is the balance of Recievables at the end of June?
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