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Yandell expects total sales of $ 3 4 0 , 0 0 0 in January and $ 3 9 0 , 0 0 0 in

Yandell expects total sales of $340,000 in January and $390,000 in February. Assume that Yandell's sales are collected as follows:
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Novembersales totaled $320,000 and Decembersales were $310,000 Prepare a schedule of cash receipts from customers for Januaryand February, including the calculation for the Net Accounts Receivable balance on February28Round answers to the nearest dollar. (If an input field is nof 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
\table[[Total sales,January,February],[Cash Receipts from Customers:,,],[Nov.-Credit sales, collection of Nov. sales in Jan.,,],[Dec.-Credit sales, collection of Dec. sales in Jan.,,],[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.,,],[Total cash receipts from customers,,]]
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50% in the month of the sale
40% in the month after the sale
8% two months after the sales
2% never collected
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