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Calculate the following: (a) Determine the cash receipts for June based on the following data:
Calculate the following:
(a)Determine the cash receipts for June based on the following data: Cash payments during May$40,120 Cash account balance, May 13,860 Cash account balance, May 308,460 $ (b)Determine the cash received from customers on account during June based on the following data: Accounts receivable account balance, May 1$13,760 Accounts receivable account balance, May 307,530 Fees billed to customers during May29,590 $