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3. 4. 5. X-Tel budgets sales of $65,000 for April, $110,000 for May, and $80,000 for June. Sales are 60% cash and 40% on credit.
3. 4. 5. X-Tel budgets sales of $65,000 for April, $110,000 for May, and $80,000 for June. Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. Total sales for March were $10,000. Prepare a schedule of cash receipts from sales for April, May, and June The Guitar Shoppe reports the following budgeted sales: August, $170,000; and September, $220,000. For its total sales, 35% are immediately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 15% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September. Welis Company reports the following budgeted sales: September, $64,000; October, $59,000; and November, $77,000. All sales are on credit, and 5% of those credit sales are budgeted as uncollectible. 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
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