Question: Fill in the missing amounts in the following schedule. Half of each month's sales are on account. March sales amounted to $60,000. 60% of credit

Fill in the missing amounts in the following schedule.

Half of each month's sales are on account. March sales amounted to $60,000. 60% of credit sales are collected in the month of sale: 40% is collected in the following is the Japanese nationalcurrency.

Particulars Sales Cash Receipts From cash sales From sales on accounts Total Cash Receipts April S80,000 May $60,000 June S $45,000 S34,000

Step by Step Solution

★★★★★

3.43 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Particulars April May June Sales 800... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

68-B-C-A-B (683).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Fill in the missing amounts for the following bank reconciliation: Practice Exercise3 Bank Reconciliation March 31,20 Bank Statement Balance $3,764.00 Add: Deposit in transit $4,031.00 Deduct:...

Fill in the missing amounts in the following schedules. April May $60,000 June 1. Sales $80,000 Cash receipts: From cash sales From sales on accountt Total cash receipts $45,000 34,000 2. Accounts...

Fill in the missing amounts in the following income statement for Carpenters Department Store Inc. $125,600 Sales revenue Less: Sales returns and allowances (a) Net sales $122,040 Cost of goods sold:...

Check my work For each independent situation complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required...

Fill in the missing amounts in the following schedules. Half of each months sales are on account. March sales amounted to $187,500. 70% of credit sales is collected in the month of sale; 30% is...

For each independent situation complete this question by entering your answers in the tabs below. Please kindly answer all of them. I would greatly appreciate it. Fill in the missing amounts in the...

Fill in the missing amounts in the following schedules. Half of each months sales are on account. March sales amounted to $210,000. 60% of credit sales is collected in the month of sale; 40% is...

Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Half of each month's sales are on account. March sales amounted to $204,000. 60% of...

For each independent situation complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 5 Fill in the missing...

Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Half of each month's sales are on account. March sales amounted to $204,000. 60% of...

Tiny-Tot School purchases the same amount of milk and orange juice each week. After price increases from $1.50 to $1.60 per litre of milk and from $1.30 to $1.37 per can of frozen orange juice, the...

Write a program that prints one complete line of output and nothing more. The output the program prints is "IN ORDER" if its command-line arguments are in alphabetical ascending order; it prints "NOT...

Select the appropriate allocation method for each profit center.Why was each method selected?

1. She would like to compute the value of the corresponding put option for Option 1. Which of the following is closest to Ms. Barlow's answer? a. $3.79 b. $3.94 c. $4.41

Acquisition Costs of Realty Pollachek Co. purchased land as a factory site for $450,000. The process of tearing down two old buildings on the site and constructing the factory required 6 months. The...

Acquisition Costs of Trucks Shabbona Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2010. The terms of...

Purchase and Self-Constructed Cost of Assets Dane Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded...

Consider the following information: Probability of State Rate of Return if State Occurs Economy of Economy Stock A Stock B Recession .20 .010 .25 Normal .55 .090 .15 Boom .25 .140 .38 a. Calculate...

Erma s Beauty Supply, Inc. is considering expanding the company s existing store. Erma s wants to lease the office space next door. Erma s must spend $ 1 4 0 , 0 0 0 on new equipment to expand. The...

Chapter 7. Elite female runners are known to run the Boston Marathon (26.2 miles) in an average of 150 minutes with a standard deviation of 7 minutes. Consider 18 marathons that are similar to the...