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Kessler Service anticipates the following sales revenue over a five - month period: ( Click the icon to view the sales data. ) The company's
Kessler Service anticipates the following sales revenue over a fivemonth period:
Click the icon to view the sales data.
The company's sales are cash and credit.
Its collection history indicates that credit sales are collected as follows:
Click the icon to view the collections data.
How much cash will be collected in January? In February? In March? For the quarter in total?
Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. Round your answers to the nearest whole dollar.
Kessler Service
Cash Collections Budget
For the Months of January through March
January
Cash sales
Collection of credit sales:
Month of sale
Month after
table
Two months after
Total cash collections
ta table
in the month of the sale
in the month after the sale
two months after the sale
are never collected
tableNovember,December,,January,,February,Marchs revenue $ $$$$ Kessler Service anticipates the following sales revenue over a fivemonth period:
Click the icon to view the sales data.
The company's sales are cash and credit.
Its collection history indicates that credit sales are collected as follows:
Click the icon to view the collections data.
How much cash will be collected in January? In February? In March? For the quarter in total?
Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. Round your answers to the nearest whole dollar.
Kessler Service
Cash Collections Budget
For the Months of January through March
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