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Fill in the missing amounts in the following schedules. 1. Sales* Cash receipts: From cash sales From sales on account Total cash receipts April May
Fill in the missing amounts in the following schedules. 1. Sales* Cash receipts: From cash sales From sales on account Total cash receipts April May June $80,000 $60,000 $ ? $ ? $ ? $45,000 ? 34,000 ? $ ? $ ? $ ? "Half of each month's sales are on account. March sales amounted to $60,000. *60% of credit sales is collected in the month of sale; 40% is collected in the following month
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