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help show work Schedule of Cash Collections of Accounts Receivable OficeMart inc. has cash and carry customers and credit customers, OnceMart estimates that 25% of
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Schedule of Cash Collections of Accounts Receivable OficeMart inc. has "cash and carry" customers and credit customers, OnceMart estimates that 25% of monthly sales are to cish custome while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remain 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: The Accounts Recelvable balance on September 30 was $73,000. Prepare a schedule of cash collections from sales for October, Nouember, and December. Round all calculations to the nearest whole dolf OfficeMart Inc. Schedule of Cash Collections from Sales Foedback 7 Check My Work Of the sales on account, note the percentages of the total that are expected to be collected in the r next two months Step by Step Solution
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