(Answered) Problemcapstone publishers inc collects 35 of its sales on

Accounting

Problem

Capstone Publishers Inc. collects 35% of its sales on account in the month of the sale and 65% in the month following the sale.

If sales on account are budgeted to be $204,000 for April and $161,000 for May, what are the budgeted cash receipts from sales on account for May?

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