Kawasaki Corporation had accounts receivable of $12,800 at the beginning of the month and $7,500 at the end of the month. Credit sales totaled $68,000 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account.
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- My Aunts Closet Store collects 60% of its accounts receivable in the month of sale and 35% in the month after the sale. Given the following sales, how much cash will be collected in March?Fitbands estimated sales are: What are the balances in accounts receivable for January, February, and March if 65% of sales is collected in the month of sale, 25% is collected the month after the sale, and 10% is second month after the sale?Assuming that all sales were made on the account?
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