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Linda_us, Finance, Accounts & Homework Tutor
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A firm has forecasted sales of $30,000 in April, $45,000 in

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A firm has forecasted sales of $30,000 in April, $45,000 in May and $60,000 in June. All sales are on credit. 30% is collected the month of sale and the remainder the following month. What will be balance in accounts receivable at the beginning of July?
Submitted: 7 years ago.
Category: Homework
Expert:  Linda_us replied 7 years ago.

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