Liza's budgets sales of $50,000 for May and $62,000 for June. Assume 60% of Liza's sales...

Transcribed Image Text:

Liza's budgets sales of $50,000 for May and $62,000 for June. Assume 60% of Liza's sales are for cash. The remaining 40% are credit sales; credit customers pay the entire amount owed in the month following the sale. Prepare the schedule of cash receipts from sales for June. LIZA'S Schedule of Cash Receipts from Sales Sales Cash receipts from June $ 62,000 Total cash receipts S Liza's budgets sales of $50,000 for May and $62,000 for June. Assume 60% of Liza's sales are for cash. The remaining 40% are credit sales; credit customers pay the entire amount owed in the month following the sale. Prepare the schedule of cash receipts from sales for June. LIZA'S Schedule of Cash Receipts from Sales Sales Cash receipts from June $ 62,000 Total cash receipts S