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Dubuque Company has made the given sales budget:

Month            Cash Sales   Credit Sales

February         $14,000        $28,000

March            12,800          29,200

April               10,800          26,400

Collections are 40 percent in the month of sale, 50% in the month given the sale, and 10 percent two months following the sale. No uncollectible accounts are anticipated.

Required: Make a schedule of cash collections for April.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M919095

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