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Exercise 9-21 Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) For each Independent situation complete this question by entering your answers in
Exercise 9-21 Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) For each Independent situation complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Half of each month's sales are on account. March sales amounted to $195,000. 60% of credit sales is collected in the month of sale; 40% is collected in the following month. Sales Cash receipts: From cash sales From sales on account Total cash receipts April May June S 260,000 $ 195,000 S 147,000 110,500 < Required 1 Required 2 >
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