4 - uncollectible. The cash receipts from accounts...

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4. (Points: 1.0)      Trumbull Company budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for  September. Collection experience indicates that none of the budgeted sales will be collected in the month of  the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be 
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Unformatted text preview: uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: a. $194,760. b. $169,800. c. $197,880. d. $147,960....
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This note was uploaded on 09/18/2009 for the course ACC 3023 taught by Professor Dennislopez during the Spring '09 term at Abraham Baldwin Agricultural College.

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4 - uncollectible. The cash receipts from accounts...

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