Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona Rosita's is an affordable restaurant near campus and several hotels Rosita accepts cash and checks Checks are deposited immediately The bank charges $0 70 per check the amount per check averages $70 Bad checks that Rosita cannot collect make up 4 percent of check revenue During a typical month, Rosita's has sales of $48,000 About 80 percent are cash sales Estimated sales for the next three months are as follows April $33,000 May 48,000 June 58,000 Required Prepare a schedule of cash receipts for May and June Round your intermediate computations and final answers to the nearest whole dollar Rosita's Mexican Restaurant Schedule of Cash Receipts For the Months of May and June May June Cash sales $ $ Checks Total $ $ Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona Rosita's is an affordable restaurant near campus and several hotels Rosita accepts cash and checks Checks are deposited immediately The bank charges $0 70 per check the amount per check averages $70 Bad checks that Rosita cannot collect make up 4 percent of check revenue During a typical month, Rosita's has sales of $48,000 About 80 percent are cash sales Estimated sales for the next three months are as follows April May June $33,000 48,000 58,000 Required Prepare a schedule of cash receipts for May and June Round your intermediate computations and final answers to the nearest whole dollar Rosita's Mexican Restaurant Schedule of Cash Receipts For the Months of May and June May June Cash sales $ Checks Total $

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Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts

Schedule of Cash Receipts

Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts cash and checks. Checks are deposited immediately. The bank charges $0.70 per check; the amount per check averages $70. Bad checks that Rosita cannot collect make up 4 percent of check revenue.

During a typical month, Rosita's has sales of $48,000. About 80 percent are cash sales. Estimated sales for the next three months are as follows:

April	$33,000
May	48,000
June	58,000

Required:

Prepare a schedule of cash receipts for May and June. Round your intermediate computations and final answers to the nearest whole dollar.

Rosita's Mexican Restaurant
Schedule of Cash Receipts
For the Months of May and June
	May	June
Cash sales:	$	$
Checks
Total	$	$

image text in transcribed

Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts cash and checks. Checks are deposited immediately. The bank charges $0.70 per check; the amount per check averages $70. "Bad" checks that Rosita cannot collect make up 4 percent of check revenue. During a typical month, Rosita's has sales of $48,000. About 80 percent are cash sales. Estimated sales for the next three months are as follows: April May June $33,000 48,000 58,000 Required: Prepare a schedule of cash receipts for May and June. Round your intermediate computations and final answers to the nearest whole dollar. Rosita's Mexican Restaurant Schedule of Cash Receipts For the Months of May and June May June Cash sales: $ Checks Total $