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From the following data for Wang Enterprises, calculate the receipts from accounts receivable for June, July and Aug 2016: Actual April May Credit sales 168000

From the following data for Wang Enterprises, calculate the receipts from accounts receivable for June, July and Aug 2016:

Actual

April May

Credit sales 168000 176000

Estimated

June July

Credit sales 186000 164000

Credit sales are normally settled according to the following pattern: 60 per cent in the month following sale, and 35 percent in the second month following the sale. Five percent of accounts are never settled.

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