Credit sales are $92,000 in June and $80,500 in July; 80% are collected in the month of

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Credit sales are $92,000 in June and $80,500 in July; 80% are collected in the month of sale and 20% collected in the following month.What are the Total collections of july ?

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Posted Date: Apr 29, 2024 12:02 AM

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Credit sales are $92,000 in June and $80,500 in July; 80% are collected in the month of

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Collections in July will come from two sources 80 of Junes credit sales will be coll... View the full answer

Cornerstones of Financial and Managerial Accounting

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