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Help me plesseee ASAPPP Preparing a Schedule of Cash Collections...

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Accounting

Help me plesseee ASAPPP
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Preparing a Schedule of Cash Collections on Accounts Receivable Kailua and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Kailua expects that, on average, 20% will be pald in the month of billing, 50% will be paid in the month following billing, and 25% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected: Required: Prepare a schedule showing the cash expected in payments on accounts recelvable in August and in September. If an amount box does not require an entry, leave it blank or enter " 0 ". Be sure to enter percentages as whole numbers. Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter " 0 ", Be sure to enter percentages as whole numbers

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