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X-Tel budgets sales of $70,000 for April, $115,000 for May, and $95,000 for June. Sales are 40% cash and 60% on credit.
Posted: Wed May 04, 2022 6:31 am
by answerhappygod
- X Tel Budgets Sales Of 70 000 For April 115 000 For May And 95 000 For June Sales Are 40 Cash And 60 On Credit 1 (50.01 KiB) Viewed 21 times
X-Tel budgets sales of $70,000 for April, $115,000 for May, and $95,000 for June. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for April, May, and June X-TEL Schedule of Cash Receipts from Sales April May June Sales $ 70,000 $ 115,000 $ Cash receipts from: Cash sales 28,000 46,000 Collections of prior period sales Total cash receipts 28,000 $ 46,000 $ $ 95,000 38,000 38,000