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6 QS 20-20 Cash receipts, with uncollectible accounts LO P2 3 DO The Guitar Shoppe reports the following sales forecast August, $180,000, and September $260.000
6 QS 20-20 Cash receipts, with uncollectible accounts LO P2 3 DO The Guitar Shoppe reports the following sales forecast August, $180,000, and September $260.000 Total sales include 30% cash sales, 55% of credit sales collected in the month following sale, and the remaining 15 cred sales written off as uncollectible. Prepare a schedule of cash receipts for September THE GUITAR SHOPPE Cash Receipts Budget For Morth Ended September 10 Cash receipts from August sales Cash receipts from September Total budgeted cash receipts ALL 5 0 Reference
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