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The company usually collects credit sales 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on September 30 is: a. $126,000 b. $148,000 c. $166,000 d. $190,000
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The company usually collects credit sales 20% in the month of sale, 70% in the month following the m...
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