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Yoder expects total sales of $360,000 in January and $415,000 in February. Assume that Yoder's sales are collected as follows:
(Click the icon to view the collections.)
November sales totaled $270,000, and December sales were $310,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Receivable balance on February 28. Round answers to the nearest dollar. (If an input field is not used in the table leave the input field empty; do not enter a zero.)
Prepare a schedule of cash receipts from customers for January and February. (If an input field is not used in the table leave the input field empty; do not enter a zero.)
Cash Receipts from Customers
\table[[Total sales,January,February],[,,],[Cash Receipts from Customers:,January,February],[Nov.-Credit sales, collection of Nov. sales in Jan.,,],[Dec.-Credit sales, collection of Dec. sales in Jan.,,],[Dec.-Credit sales, collection of Dec. sales in Feb.,,],[Jan.-Credit sales, collection of Jan. sales in Jan.,,],[Jan.-Credit sales, collection of Jan. sales in Feb.,,],[Feb.-Credit sales, collection of Feb. sales in Feb.,,],[Total cash receipts from customers,,]]
Determine the Net Accounts Receivable balance on February 28.
Included in
Accounts
Receivable at February 28
Net Accounts Receivable balance on February 28
Yoder expects total sales of $360,000 in January and $415,000 in February. Assume that Yoder's sales are collected as follows:
(Click the icon to view the collections.)
November sales totaled $270,000, and December sales were $310,000. Prepare a schedule of cash receipts from customers for January and Febi Receivable balance on February 28. Round answers to the nearest dollar. (If an input field is not used in the table leave the input field empty; do ne
Prepare a schedule of cash receipts from customers for January and February. (If an input field is not used in the table leave the input field empty; Cash Receipts from Customers
Included in Accounts
Receivable at
February 28
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