X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June In...
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Accounting
X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June In addition, sales are 40% cash and 60% on credit All credit sales are collected in the month following the sale The April 1 balance in accounts receivable is $15,000 Prepare a schedule of budgeted cash receipts for April, May, and June
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