Monitoring of Receivables The Russ Fogler Company, a small manufacturer of cordless telephones, began operations on January 1 Its credit sales for the first 6 months of operations were as follows Month Credit Sales January $ 53,000 February 103,000 March 123,000 April 108,000 May 143,000 June 163,000 Throughout this entire period, the firms credit customers maintained a constant payments pattern 10 paid in the month of sale, 50 paid in the first month following the sale, and 40 paid in the second month following the sale What was Foglers receivables balance at the end of March and at the end of June Do not round intermediate calculations Round your answers to the nearest dollar March receivables $ June receivables $ Assume 90 days per calendar quarter What were the average daily sales (ADS) and days sales outstanding (DSO) for the first quarter and for the second quarter Do not round intermediate calculations Round ADS answers to the nearest dollar and DSO answers to one decimal place 1st Quarter ADS $ 1st Quarter DSO days 2nd Quarter ADS $ 2nd Quarter DSO days What were the cumulative ADS and DSO for the first half year Do not round intermediate calculations Round ADS answer to the nearest dollar and DSO answer to one decimal place Cumulative Quarter ADS $ Cumulative Quarter DSO days Construct an aging schedule as of June 30 Use account ages of 030, 3160, and 6190 days Do not round intermediate calculations Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number If no entry is required, enter 0 Age of Accounts (days) Dollar Value Percent of Total 0 30 $ 31 60 61 90 $ Construct the uncollected balances schedule for the second quarter as of June 30 Do not round intermediate calculations Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number If no entry is required, enter 0 Quarter 2 Sales Receivables Receivables Sales April $ $ May June $

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Monitoring of Receivables The Russ Fogler Company, a small manufacturer of cordless telephones, began operations on January 1. Its credit sales for the first 6

Monitoring of Receivables

The Russ Fogler Company, a small manufacturer of cordless telephones, began operations on January 1. Its credit sales for the first 6 months of operations were as follows:

Month	Credit Sales
January	$ 53,000
February	103,000
March	123,000
April	108,000
May	143,000
June	163,000

Throughout this entire period, the firms credit customers maintained a constant payments pattern: 10% paid in the month of sale, 50% paid in the first month following the sale, and 40% paid in the second month following the sale.

What was Foglers receivables balance at the end of March and at the end of June? Do not round intermediate calculations. Round your answers to the nearest dollar.

March receivables: $

June receivables: $
Assume 90 days per calendar quarter. What were the average daily sales (ADS) and days sales outstanding (DSO) for the first quarter and for the second quarter? Do not round intermediate calculations. Round ADS answers to the nearest dollar and DSO answers to one decimal place.

1st Quarter ADS: $

1st Quarter DSO: days

2nd Quarter ADS: $

2nd Quarter DSO: days

What were the cumulative ADS and DSO for the first half-year? Do not round intermediate calculations. Round ADS answer to the nearest dollar and DSO answer to one decimal place.

Cumulative Quarter ADS: $

Cumulative Quarter DSO: days
Construct an aging schedule as of June 30. Use account ages of 030, 3160, and 6190 days. Do not round intermediate calculations. Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If no entry is required, enter "0".

Age of Accounts (days) Dollar Value Percent of Total

0 - 30 $ %

31 - 60

61 - 90

$ %
Construct the uncollected balances schedule for the second quarter as of June 30. Do not round intermediate calculations. Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If no entry is required, enter "0".

Quarter 2 Sales Receivables Receivables/Sales

April $ $ %

May

June

$ %