In The First Six Months Of 2022 The The Shelf Company Expected Monthly Sales Of Credit Sales Cash Sales 50 000 150 00 1 (26.41 KiB) Viewed 11 times
In The First Six Months Of 2022 The The Shelf Company Expected Monthly Sales Of Credit Sales Cash Sales 50 000 150 00 2 (52.76 KiB) Viewed 11 times
In the first six months of 2022, the The Shelf Company expected monthly sales of Credit Sales Cash Sales $50,000 $150,000 $55,000 $170,000 $51,000 $130,000 $46,000 $131,000 $56,000 $200,000 $80,000 $250,000 The company's cost accountants have reviewed past sales and have determined this collection pattern: January February March April May June Collections on sales: 50% in month of sale 30% in month following sale 20% in second month following sale On January 1, 2022, the accounts receivable balance was $81,000, of which $50,000 was left from December sales that had not yet been collected and $31,000 were from November sales that had not yet been collected. Budgeted cash collections during January by The Shelf Company would be
$237,000 $261,000 $186,000 $100,000
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