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What is the accounts receivables for october

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Reference no: EM132768596

30% of total sales are cash sales. 70% of total sales are on credit. Actual receipts from Accounts Receivable are 80% of the previous month's credit sales and the balance of 20% owing is received in the following month. Actual credit sales were $60,000 in both August and September 2020.

Problem 1: what is the accounts receivables for October? November? December?

Reference no: EM132768596

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