Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in...
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Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 15% collected in the first month after month of sale 9% collected in the second month after month of sale 5% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: $ July August September October November December ta ta ta ta ta 89,000 101,000 113,000 125,000 137,000 119,000 The estimated total cash collections by Fresplanade Co. during December from accounts receivable is
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