{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T23:39:50-04:00", "answer_date": "2024-06-07 23:39:50", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2447615", "url": "\/study-help\/questions\/all-sales-are-credit-sales-the-collection-pattern-is-6-2447615", "question_creation_date_js": "2024-06-07T23:39:50-04:00", "question_creation_date": "Jun 07, 2024 11:39 PM", "meta_title": "[Solved] All sales are credit sales. The collectio | SolutionInn", "meta_description": "Answer of - All sales are credit sales. The collection pattern is 6 0 % in the month of sale, 3 5 % the following month and the re | SolutionInn", "meta_keywords": "sales,credit,collection,pattern,6,month,sale,3,5,remainder,second,accounts", "question_title_h1": "All sales are credit sales. The collection pattern is 6 0 % in the month of sale, 3 5 % the following month and the", "question_title": "All sales are credit sales. The collection pattern is 6 0 %", "question_title_for_js_snippet": "All sales are credit sales The collection pattern is 6 0 in the month of sale, 3 5 the following month and the remainder in the second month following the sale Accounts receivable on April 1 were $ 1 2 5 , 1 0 0 Required a Prepare a cash receipts schedule for the period June through August ( by month ) b What is the expected Accounts Receivable balance at August 3 1 ", "question_description": "\"image
All sales are credit sales. The collection pattern is <\/span>6<\/mn>0<\/mn>%<\/mo><\/mrow><\/math> in the month of sale, <\/span>3<\/mn>5<\/mn>%<\/mo><\/mrow><\/math> the following month and the remainder in the second<\/span> <\/div>
month following the sale. Accounts receivable on April <\/span>1<\/mn><\/mrow><\/math> were $<\/span>1<\/mn>2<\/mn>5<\/mn>,<\/mo>1<\/mn>0<\/mn>0<\/mn>.<\/mo><\/mrow><\/math> <\/div>
Required:<\/span><\/div>
a<\/span>.<\/mo><\/mrow><\/math> Prepare a cash receipts schedule for the period June through August <\/span>(<\/mi><\/mrow><\/math>by month<\/span>)<\/mi>.<\/mo><\/mrow><\/math> <\/div>
b<\/span>.<\/mo><\/mrow><\/math> What is the expected Accounts Receivable balance at August <\/span>3<\/mn>1<\/mn>?<\/mo><\/mrow><\/math> <\/div><\/span> <\/div><\/div> \"image", "transcribed_text": "", "related_book": { "title": "Fundamentals of Cost Accounting", "isbn": "78025524, 978-0078025525", "edition": "4th edition", "authors": "William Lanen, Shannon Anderson, Michael Maher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/269.jpg", "uri": "\/textbooks\/fundamentals-of-cost-accounting-4th-edition-269", "see_more_uri": "" }, "free_related_book": { "isbn": "0999358189", "uri": "\/textbooks\/financial-accounting-and-reporting-property-plant-and-equipment-cpa-exam-review-2022-2022-edition-9780999358184", "name": "Financial Accounting And Reporting Property Plant And Equipment CPA Exam Review 2022", "edition": "2022 Edition" }, "question_posted": "2024-06-07 23:39:50", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/refer-to-figure-what-activities-must-be-accomplished-before-input", "description": "Refer to Figure. 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The collection pattern is 6 0 %", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/all-sales-are-credit-sales-the-collection-pattern-is-6-2447615" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }" } }