Question
Tany Company has the following data Account Receivable December-31-2005 $90,000.00 January-30-2006 $120,000.00 Sales during December 2005 x January 2006 y Sales collections During the month
| Tany Company has the following data | |
| Account Receivable |
|
| December-31-2005 | $90,000.00 |
| January-30-2006 | $120,000.00 |
|
|
|
| Sales during |
|
| December 2005 | x |
| January 2006 | y |
|
|
|
| Sales collections |
|
| During the month of sales | 40% |
| Next month of sales | 60% |
| Normally there is no bad debt |
|
Find sales during January 2006
| a. | $150,000.00 | |
| b. | $225,000.00 | |
| c. | $200,000.00 | |
| d. | $300,000.00 |
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
