Business, 12.08.2019 18:30, luigiguitar8668
Kingston anticipates total sales for june and july of $370,000 and $308,000, respectively. cash sales are normally 65% of total sales. of the credit sales, 25% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 10% are collected in the second month after the sale. determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of july 31.
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Kingston anticipates total sales for june and july of $370,000 and $308,000, respectively. cash sale...
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