please answer Schedule of Cash Collections on Accounts...
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Schedule of Cash Collections on Accounts Recelvable and Cash Budget: Selig Inc. found that about 25% of its sales during the month were for cash. The company has the following accounts recelvable payment experience: Selig's anticipated sales for the next few months are as followst Required: 1. Calculate credit sales for May. Calculate credit sales for June. Calculate credit sales for july 2. Prepare a scriedule of cash receipts for July and August. Round your answers to the nearest whole dollar, if necessary. If an amount box does not require an entry, leave it blank or enter " 0 ". Be sure to enter percentages as whole numbers, 2. Preoste a sthedule of cash recelpts for July and Auggst. Round your answers to the nearest whole dollar, If necessary. If an amount box does not require an entry, feave it blank or enter "0". De' sure to enter percentages as whole nunsbers. Cash sales Payments on account: From May credit sales: From June credit sales: x % % From July credit sales: From August credit sales: Cash recelpts
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