Ch.9 Q.6

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Schedule of Cash Collections on Accounts Receivable and Cash Budget Selig Inc. found that about 25% of its sales during the month were for cash. The company has the following accounts receivable payment experience: Calculate credit sales for July. $ Calculate credit sales for August. 2. Prepare a schedule of cash receipts for July and August. Round your answers to the nearest whole dollar, if necessary. If an amount box does not require an entry, leave it blank or enter " 0 ". Be sure to enter percentages as whole numbers. From August credit sales: $ x Cash receipts