Victors expects total sales of $698,500 for January and $346,000 for February. Assume that Victors'...
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Victors expects total sales of $698,500 for January and $346,000 for February. Assume that Victors' sales are collected as follows: (Click the icon to view the collection history.) November sales totaled $390,000, and December sales were $395,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Net Accounts Receivable balance on February 28. Round answers to the nearest dollar Prepare a schedule of cash receipts from customers for January and February. (If an input field is not used in the table leave the input field empty; do not enter a zero) Cash Receipts from Customers January February Total sales More info January February Cash Receipts from Customers: 60% in the month of the sale Nov-Credit sales, collection of Nov. sales in Jan. 30% in the month after the sale Dec-Credit sales, collection of Deo, sales in Jan 6% two months after the sale Dec-Credit sales, collection of Dec, sales in Feb. 4% never collected Jan. Credit sales, collection of Jan. sales in Jan. Jan.-Credit sales, collection of Jan, sales in Feb. Feb. Credit sales, collection of Feb, sales in Feb. Print Done Total cash receipts from customers
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