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Check my work QS 22-20 Cash receipts, with uncollectible accounts LO P2 6.66 points The Guitar Shoppe reports the following sales forecast: August, $140,000; September,
Check my work QS 22-20 Cash receipts, with uncollectible accounts LO P2 6.66 points The Guitar Shoppe reports the following sales forecast: August, $140,000; September, $230,000. Total sales include 30% cash sales, 50% credit sales collected in the month following sale, and 20% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September. eBook THE GUITAR SHOPPE Hint Print Cash Receipts Budget For Month Ended September 30 Cash receipts from August sales Cash receipts from September sales Total budgeted cash receipts $ 69,000 69,000
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