Estlin Corporation sells mail-order computers. In December 2018, it has generated $300,000 of sales revenue; the company
Question:
Required
a. Prepare a sales budget for January and February 2019.
b. Determine the amount of sales revenue Estlin would report on the bimonthly pro forma income statement for January and February 2019.
c. Prepare a cash receipts schedule for January and February 2019.
d. Determine the amount of accounts receivable as of February 28, 2019.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For 
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
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