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Amelia Company has forecast its sales as follows: November $190,000 (actual) December $240,000 (actual) January $280,000 February $300,000 March $350,000 April $320,000 Amelia has experienced
Amelia Company has forecast its sales as follows: November $190,000 (actual) December $240,000 (actual) January $280,000 February $300,000 March $350,000 April $320,000 Amelia has experienced collections of 55% during the month of sale, 38% the month 7% the second month after the sale. Required: Prepare a schedule of cash receipts for the 4 month period January - April. What will the Accounts Receivable balance be on April 30
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