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Fill in the missing amounts (there are six numbers that you need to find...labeled as (A) through (F)) in the following Cash receipt schedule. Enter
Fill in the missing amounts (there are six numbers that you need to find...labeled as (A) through (F)) in the following Cash receipt schedule. Enter ONLY the number (NO dollar sign). Round your answer to the nearest digit. $187,500 Sales in the month of March = Half of each month's sales are on account. 70%of credit sales is collected in the month of sale. 30%of credit sales is collected in the following month. May $187,500 June $282,000 April Sales $250,000 Cash receipts: From cash sales $ (A) From sales on Account $ (C) Total cash receipts $ (E) $ (B) $141,000 $103,125 $ (D) $ (F) $278,640 Required: (A) Cash sales in the month of April (B) Cash sales in the month of May () Cash receipts in April from Credit sales in the months of March and April (D) Cash collected in June from credit sales in the months of May and June (E) Total cash receipts in April (F) Total cash receipts in May
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