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Managerial Accounting: The following sales budget has been prepared:

Managerial Accounting: The following sales budget has been prepared:

Month\Cash Sales\Credit Sales
September\$100,000\$200,000
October\125,000\180,000
November\130,000\210,000
December\135,000\190,000

Collections are 50% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. No uncollectible accounts are anticipated. ________ is the expected balance of Accounts Receivable as of December 31.

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