Question
The PDQ company collects credit sales according to the following schedule: 25% in the month of sale 70% in the month following the sale 4%
25% in the month of sale
70% in the month following the sale
4% in the second month after the sale
1% uncollectible
April............100,000
May............120,000
June............110,000
Show a schedule of Cash receipts for June.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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