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help out please as soon as you can chedule of Cash Collections of Accounts Recelvable ur Family Inc., a pet wholesale supplier, was organized on
help out please as soon as you can
chedule of Cash Collections of Accounts Recelvable ur Family Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as foliows: All sales are on account. Of sales on account, 53% are expected to be collected in the month of the sale, 37% in the first month following the sale, and the remainder in the second month following the sale. This information has been collected in the Microsoft Excel Online fie. Open the spreadsheet, perform the required analysis, and input your answers in the question below Open spreadsheet Prepare a schedule indicating cash collections from sales for May, June, and Jufy, Prepare a schedule indicating cash coliections from sales for Moy, June, and July. Schedule of Cash Collections of Accounts Receivable Fur Family Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: All sales are on account. The percentage of sales on the account that will be collected for each month of sale is indicated below. 18 REQUIRED: 19 Prepare a schedule indicating cash collections from sales for May, June, and July. 20 Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green 21 sells show in the orange cells. Transfer amounts to CNOWV2 for grading Step by Step Solution
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