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Eastwood Corporation operates a chain of automobile repair shops. The budget director for the home office is putting together next quarter's cash budget. The company
Eastwood Corporation operates a chain of automobile repair shops. The budget director for the home office is putting together next quarter's cash budget. The company expects to have the following sales amounts for the quarter ending December
EASTWOOD CORPORATION SALES DATA
FOR QUARTER ENDING DECEMBER X
storical collection results for credit sales show the following: collected in the month of sale, collected in the first month following the sale, collected in the second month following sale, and uncollectible. Sales on account for the months of August and September were and $ respectively.
UIRED: Using the attached form, prepare a schedule to determine the amount of cash to be collected from customers for the quarter ending December Prepare the schedule to show the collections for each month individually and for the three months in total.
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