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Royal pty ltd sells all kits products on account . Royabal has the following account reaciveble payements experience
Per cent paid in the month of sale20
Per cent paid in the month after the sale 25
Per cent paid in the second month after the sale23
per cent sales for the next few months are as follows:
To encourage payment in the month of sale, Roybal gives a 2% cash discount. Roybal's anticipated sales for the next few are as follows
april 190,000
may 248,000
june 260,000
july 240,000
august 300,000
prepare schedule of cash receipts for july
prepare schedule of cash receipts for August
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