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1 2 QS 20-19 (Algo) Schedule of cash receipts LO P2 Music Worid reports the following budgeted sales: August, $140.000; and September, $180.000. Cash sales
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QS 20-19 (Algo) Schedule of cash receipts LO P2 Music Worid reports the following budgeted sales: August, $140.000; and September, $180.000. Cash sales are 60% of total sales, and ail credit sales are collected in the month following the sale. Prepare a schedule of cash recelpts from sales for September. QS 20-21 (Algo) Schedule of cash receipts with uncollectibles LO P2. Welis Company reports the following budgeted sales: September, $49,000; October, $74,000; and November, $72,000. All sales are on credit, and 5% of those credit sales are budgeted as uncollectble. Collection of the remaining 95% of credit sales are budgeted as follows. 60% in the first month after sale and 35% in the second month after sale. Prepare a schedule of cash receipts from sales for November 2
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