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Office world Inc. has cash and carry. customers and credit customers. Office world estimates that 30% of monthly sales ae to cash astomers, while the
Office world Inc. has "cash and carry. customers and credit customers. Office world estimates that 30% of monthly sales ae to cash astomers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remar ng 80% pay their ents in the month foto ing the month of sale. Projected sales for the next three months of 2016 are as follows August September October The Accounts Receivable balance on July 31, 2016, was $88,000. Prepare a schedule of cash collections from sales for August, September, and October. Round all calculations to the nearest whole dollar 132,000 165,000 242,000 Office World tnc. Schedule of Collections from Sales For the Three Months Ending October 31, 2016 August September October
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