Cash Collections Budget Dock Corp is a manufacturer of cottage wharfs. Sales in the third quarter of 2022 were as follows: July $100,000; August $220,000;
Cash Collections Budget Dock Corp is a manufacturer of cottage wharfs. Sales in the third quarter of 2022 were as follows: July $100,000; August $220,000; September $280,000. Sales from May and June were $70,000 and $90,000 respectively. Complete the Cash Collections Budget below, for the third quarter 2022, by indicating the "line name" or "numeric amount" for each cell labelled from A to R. Your answer will list (in alpha order) the letters A, B, C etc to letter R, with the line name or amount corresponding to each letter in the table. Dock Corp sales are 40% cash and 60% credit. Cash collections from the credit sales are as follows: 30% collected in same month as credit sales 60% collected one month after the credit sales 10% collected two months after the credit sales JULY AUGUST SEPTEMBER Cash Sales A B C Cash Collected from credit sales: 1 1 D m F G H = K L M N O TOTAL CASH COLLECTIONS P R
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