9-66 soli X Ch9HW CengageNOWv2 x Files x RAM BAAN L32 X Files Ch 9 HW 1. BE.09.22A 2. BE.09.23A v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Print Item Schedule of Cash Collections on Accounts Receivable and Cash Budget Roybal Inc. sells all of its product on account. Roybal has the following accounts receivable payment experience: Percent paid in the month of sale 3. BE.09.26A Percent paid in the month after the sale 4. BE.09.27A 5. BE.09.29A 20 55 23 Your big idea - G < x C Expert Q&A | Che x * 6 6 * 1 D Error Percent paid in the second month after the sale To encourage payment in the month of sale, Roybal gives a 2% cash discount. Roybal's anticipated sales for the next few months are as follows: April $190,000 6. BE.09.30A May 248,000 7. BE.09.31A June 260,000 July 8. BE.09.32A 240,000 300,000 9. BE.09.34A 10. EX.09.52 11. EX.09.59 August Required: 1. Prepare a schedule of cash receipts for July. Be sure to enter percentages as whole numbers. Roybal Inc. Schedule of Cash Receipts 12. EX.09.60 13. EX.09.62 For July Payments on account: 14. PR.09.66 From May credit sales: 272,800 X x 2 X % 54,560 X From June credit sales: Progress: 11/14 items Assignment Score: 58.63% Check My Work 2 more Check My Work uses remaining. Previous Next Save and Exit Submit Assignment for Grading eBook Print Item 2. Prepare a schedule of cash receipts for August. Be sure to enter percentages as whole numbers. Roybal Inc. Schedule of Cash Receipts Payments on account: From June credit sales: For August 91,960 x x 80 X % 145,429 X From July credit sales: 158,488 x x 80 X % 214,544 X From August credit sales: 176,035, Xx 80 X % 227,779 X Less: August cash discount 168,784 x x 80 X % 233,464 X Cash receipts x Feedback Check My Work Incorrect