CHEER WORK ULUS LOUHerslids orecast creu Beste vou quer vet ve year September (actual) $ 68,000 Fourth Quarter October $ 58, November 53,000 December 78,00 Experience has shown that 40 percent of sales are collected in the month of sale, 50 percent are collected in the following month, and 10 percent are never collected Prepare a schedule of cash receipts for J.Lo's Clothiers covering the fourth quarter (October through December) Credit sa In month of sales One month after sales Total cash receipts J. Lo's Clothiers September October November December $ 68,000 $ 58,000 $ 53,000 $ 78,000 $ 22900 $ 21,200 $ 31.2001 34,000 29,000 $ 57,200 $ 50,200 $ 31.200 Saved Help Save heck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate con Retu November December 53, eee 78,000 Experience has shown that 40 percent of sales are collected in the month of sale, 50 percent are collected in the following 10 percent are never collected. Prepare a schedule of cash receipts for J.Lo's Clothiers covering the fourth quarter (October through December Credit sales Answer is complete but not entirely correct. J.Lo's Clothiers September October November December is 68,000 s 58,000 53,000 $ 78,000 $ 23,200 IS 21,200 S 31,200 34,000 29,000 39,000 $ 57,200 $ 50,200 S 70,200 In month of sales One month after sales Total cash receipts Prev 8 of 10 Next > search