Trailers expects total sales of $698,500 for January and $350,000 for February Assume that Trailers's sales are collected as follows: (Click the icon to view the collection history) November sales totaled $393,000, and December sales were $398,000 Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar (f 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: Nov. Credit sales, collection of Nov. sales in Jan. 60% in the month of the sale Dec. Credit sales, collection of Dec. sales in Jan. 30% in the month after the sale Dec. Credit sales, collection of Dec. sales in Feb. 9% two months after the sale: Jan. Credit sales, collection of Jan, sales in Jan. 1% never collected 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

Trailers expects total sales of $698,500 for January and $350,000 for February Assume that Trailers's sales are collected as follows: (Click the icon to view the collection history) November sales totaled $393,000, and December sales were $398,000 Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar (f 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: Nov. Credit sales, collection of Nov. sales in Jan. 60% in the month of the sale Dec. Credit sales, collection of Dec. sales in Jan. 30% in the month after the sale Dec. Credit sales, collection of Dec. sales in Feb. 9% two months after the sale: Jan. Credit sales, collection of Jan, sales in Jan. 1% never collected 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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