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Fill in the missing amounts in the following schedules. April May June Sales* $80,000 $60,000 ? Cash Receipts: From cash sales $ ? $ ?

Fill in the missing amounts in the following schedules.

April May June

Sales* $80,000 $60,000 ?

Cash Receipts:

From cash sales $ ? $ ? $45,000

From sales on account* ? 34,000 ?

Total Cash Receipts

Account Payable, 12/31/20 300,000 euros

Purchase on goods and services on accounts during 20x1 1,200

Payments of accounts payable during 20x1 ?

Accounts Payable, 12/31/20 400,000

Accounts receivable, 12/31/20 340,000 yen*

Sales on accounts during 2020 900,000

Collections on accounts during 2020 780,000

Accounts receivable, 12/31/20x1 ?

Accumulated Depreciation 12/31/20x1 $810,000

Depreciation Expense during 2020 150,000

Accumulated Depreciation 12/31/20x2 ?

Retains Earnings, 12/31/20 $2.050,000

Net Income for 20x1 400,000

Dividends paid in 20x1 -0-

Retained Earnings 12/31/x1 ?

*Half of each month's sales on account. March sales amounted to $60,000

* 60% of sales is collected in the month of sale; 40% is collected in the following month

* yen is the Japanese national currency.

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