X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June Sales are 40% cash and 60% on credit. A
Posted: Sun Jul 03, 2022 1:08 pm
X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 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 $25,000. Prepare a schedule of cash receipts from sales for April, May, and June X-TEL Schedule of Cash Receipts from Sales April Sales Cash receipts from: Collections of prior period sales Cash sales Total cash receipts May June $ 60,000 $ 108,000 $ 80.000 $ 0 $ Check my wo $