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Credit sales are collected as follows:65 percent in the month of the sale.25 percent in the month after the sale.10 percent in the second month after the sale. The accounts receivable balance at the end of the previous quarter was $94,000 ($64,000 of which were uncollected December sales). a. Calculate the sale
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Credit sales are collected as follows:65 percent in the month of the sale.25 percent in the month af...
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