Question
From the following data calculate the estimated cash received from credit sales for December. Credit sales for October, $10000; November, $15000; December, $14000 Credit sales
From the following data calculate the estimated cash received from credit sales for December. Credit sales for October, $10000; November, $15000; December, $14000 Credit sales are normally settled in the pattern, 70% in the month of sale, 20% in the month following the sale, and the balance in the second month following the sale.
| $14000 | ||
| $11400 | ||
| $13800 | ||
| $10000 | ||
| $12200 |
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The Auditors Guide Of 1869 A Review And Computer Enhancement Of Recently Discovered Old Microfilm Of Americas First Book On Auditing By H J Mettenheimer
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534622, 978-0367534622
