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This question: 3 point(s) possible Yogi expects total sales of $354,000 in January and $394,000 in February. Assume that Yogi's sales are collected as follows:
This question: 3 point(s) possible Yogi expects total sales of $354,000 in January and $394,000 in February. Assume that Yogi's sales are collected as follows: i (Click the icon to view the collections.) November sales totaled $350,000, and December sales were $250,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Net Accounts 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 January February - X More info Total sales 354,000 394,000 January February 70% in the month of the sale Cash Receipts from Customers: 20% in the month after the sale Nov.-Credit sales, collection of Nov. sales in Jan. 245,000 8% two months after the sales Dec.-Credit sales, collection of Dec. sales in Jan. 2% never collected 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. Print Done 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
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