Cash Sales Sales on account Total sales January February March 5,000 6,000 10,000 12,000 4,000 16,000 15,000 18,000 20,000 Ally Clay Company has the following sales for the first quarter of 2022: Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $7,000, the amount of December 2021's sales on account. Calculate the cash receipts from customers for the first 3 months of 2022.
Cash Sales Sales on account Total sales January February March 5,000 6,000 10,000 12,000 4,000 16,000 15,000 18,000 20,000 Ally Clay Company has the following sales for the first quarter of 2022: Sales on account are collected the month after the sale. The Accounts Receivable balance on January 1 is $7,000, the amount of December 2021's sales on account. Calculate the cash receipts from customers for the first 3 months of 2022.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me with show all calculation thanku
Transcribed Image Text:Cash
Sales
Sales on
account
Total
sales
January February March
5,000 6,000
10,000 12,000
15,000 18,000
4,000
16,000
20,000
Ally Clay Company has the following sales
for the first quarter of 2022:
Sales on account are collected the month
after the sale. The Accounts Receivable
balance on January 1 is $7,000, the amount
of December 2021's sales on account.
Calculate the cash receipts from customers
for the first 3 months of 2022.
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