What amount would indicated on the cash budget


Question: A restaurant's operating budget for July indicates that beverage sales revenue is estimated as $125,000. From the restaurant's accounting records and history, it is determined that 80% of sales is credit card sales and 20% is cash sales. Additionally, 92% of the credit card receivables is received in the current month and the remaining 8% is received in the following month. What amount would indicated on the cash budget for August for credit card sales revenue received from July?

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Accounting Basics: What amount would indicated on the cash budget
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