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Problem $9-17$ Schedules of Expected Cash Collections and Disbursements; Balance Sheet $[$LO$2]$

Deacon Company is a merchandising company that is preparing a budget for the second quarter of the calendar year. The following information is available.

$\backslash$table$[[\backslash$table$[[$DEACON COMPANY$],[$Balance Sheet$],[$March $31]],],[\backslash$table$[[$Assets$],[$Cash$]],],[$Accounts receivable,$$65,000$