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please show work Jayson Company projects the following sales for the first three months of the year: $12,400 in January, $12,200 in February, and $13,400
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Jayson Company projects the following sales for the first three months of the year: $12,400 in January, $12,200 in February, and $13,400 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Recelvable account has a zero balance on January 1, Round to the nearest dollar. Read the requirements. input field is not used, leavo the input field empty. Do not enter a zero) Jayson Company projects the following sales for the first three months of the year: $12,400 in January, $12,200 in February, and $13,400 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the tequirements. Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 15\% in the month folowing the sale, and 25% in the second month following the sale. What is the balance in Accounts Receivable on March 31 ? (If an input field is not chad, leave the input field empty. Do not enter a zero.) Jayson Company projects the following sales for the first three months of the year: $12,400 in January; $12,200 in February, and $13,400 in March. The co expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following r The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Step by Step Solution
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