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16. Campbell Company projects the following sales: (Click on the icon to view the projected sales.) Campbell collects sales on account in the month after
16. Campbell Company projects the following sales: (Click on the icon to view the projected sales.) Campbell collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $13,100, which represents December's sales on account. Campbell projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 25% of the total. Begin by computing the cash sales and sales on account for each month if cash sales are only 25% of the total. Data table Data table
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