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6. Angel's Undies has forecast credit sales for the fourth quarter of the year as: September (actual). October.... November.. December... $60,000 $35,000 $45,000 $55,000
6. Angel's Undies has forecast credit sales for the fourth quarter of the year as: September (actual). October.... November.. December... $60,000 $35,000 $45,000 $55,000 Fourth Quarter Experience has shown that 25 percent of sales are collected in the month of sale, 65 percent in the following month, and 10 percent are never collected. Prepare a schedule of cash receipts for Angel's Undies covering the fourth quarter (October through December).
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