Question
Mr. Company produces vacuum machines, sales for the first half of the year are shown below: January $150,000 February 105,000 March 90,000 April 121,000 May
Mr. Company produces vacuum machines, sales for the first half of the year are shown below:
January $150,000
February 105,000
March 90,000
April 121,000
May 105,000
June 120,000
The sales policy is 10% cash, 30% the following month and 60% two months after the sale. Prepare the sales records and customer receipts.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
