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Jeffs Distributing expects its September sales to be 25% higher than its August sales of $166,000....

Jeffs Distributing expects its September sales to be 25% higher than its August sales of $166,000. Purchases were $116,000 in August and are expected to be $136,000 in September. All sales are on credit and are expected to be collected as follows: 40% in the month of the sale and 60% in the following month. Purchases are paid 20% in the month of purchase and 80% in the following month. The cash balance on September 1 is $26,000. The ending cash balance on September 30 is estimated to be:

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