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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 $ in January and $ in February. Assume that Yandell's sales are collected as follows:
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Novembersales totaled $ and Decembersales were $ Prepare a schedule of cash receipts from customers for Januaryand February, including the calculation for the Net Accounts Receivable balance on FebruaryRound 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
tableTotal sales,January,FebruaryCash Receipts from Customers:,,NovCredit sales, collection of Nov. sales in Jan.,,DecCredit sales, collection of Dec. sales in Jan.,,DecCredit sales, collection of Dec. sales in Feb.,,JanCredit sales, collection of Jan. sales in Jan.,,JanCredit sales, collection of Jan. sales in Feb.,,FebCredit sales, collection of Feb. sales in Feb.,,Total cash receipts from customers,,
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in the month of the sale
in the month after the sale
two months after the sales
never collected
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