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Schedule of Cash Collections of Accounts Receivable OceMart Inc. has cash and carry Customers and credit customers. Officer estimates that 20% of monthly sales are
Schedule of Cash Collections of Accounts Receivable OceMart Inc. has cash and carry Customers and credit customers. Officer estimates that 20% of monthly sales are to cash customers, while the remaining to edit amor the customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their counts in the month following the month of projected for the next the are as follows: Odtisber 5110,000 November 138,000 December 201,000 The Accounts Receivable balance on September 30 was $74,000 Prepare a schedule of cash collections from sales for October, November, and December, Round ciculations to the nearest whole dollar OmiceMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales September sales on account Collected in October October Sesont account: Collected in October Cabected in november November sales on account Collected in November Cabected in December December sales on conti Collected in December Tales
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