Prepare a schedule indicating total cash collections, Accounting Basics

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Prepare a schedule indicating total cash collections

Question:

The company expects to sell 40% of its merchandise for cash. Of the sales on account, 25% are expected to be collected in the month of the sale and the remainder in the following month.

Prepare a schedule indicating total cash collections for August, September, and October

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Accounting Basics: Prepare a schedule indicating total cash collections

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Accounting Basics: Prepare a schedule indicating total cash collections

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