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Leak Company Sells Only on Credit

Question 26

Multiple Choice

Leak Company sells only on credit.It reported the following information for 2020: Leak Company sells only on credit.It reported the following information for 2020: Customer amounts on account are collected 45% in the month of sale and 55% in the following month.How much is the November 30, 2020 budgeted Accounts Receivable? A) $467,500 B) $382,500 C) $827,500 D) $528,000 Customer amounts on account are collected 45% in the month of sale and 55% in the following month.How much is the November 30, 2020 budgeted Accounts Receivable?


A) $467,500
B) $382,500
C) $827,500
D) $528,000

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