From the following data for Wang Enterprises, calculate the receipts from accounts receivable for June, July and
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From the following data for Wang Enterprises, calculate the receipts from accounts receivable for June, July and August of 2018.
Credit sales are normally settled according to the following pattern: 60 per cent in the month following sale, and 35 per cent in the second month following the sale. Five per cent of accounts are never settled.
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