Question
X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. Sales are 40% cash and 60% on credit. All credit
X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $25,000. Prepare a schedule of cash receipts from sales for April, May, and June. X-TEL Schedule of Cash Receipts from Sales Sales Cash receipts from: Total cash receipts April May June $ 60,000 $100,000 $ 80,000 X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $25,000. Prepare a schedule of cash receipts from sales for April, May, and June. X-TEL Schedule of Cash Receipts from Sales Sales Cash receipts from: Total cash receipts April May June $ 60,000 $100,000 $ 80,000
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