Question: The Candle Shoppe reports the following sales forecast August

The Candle Shoppe reports the following sales forecast: August, $ 150,000; September, $ 170,000. Cash sales are normally 40% of total sales and all credit sales are expected to be collected in the month following the date of sale. Prepare a schedule of cash receipts for September.


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  • CreatedNovember 29, 2013
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