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The Guitar Shoppe reports the following sales forecast August $150000 September, $170,000. Cash sales are normally 40% of total sales 55% of credit sales are collected in the month following


The Guitar Shoppe reports the following sales forecast: August, $150,000; September, $170,000. Cash sales are normally 40% of total sales, 55% of credit sales are collected in the month following sale, and the remaining 5% of credit sales are written off as uncollectible. Prepare a schedule of cash receipts for September.

Apr 01 2020 Read more Less More

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