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Yem expects total sales of $348,000 in January and $410,000 in February. Assume that Yem's sales are collected as follows: A(Click the icon to view
Yem expects total sales of $348,000 in January and $410,000 in February. Assume that Yem's sales are collected as follows: A(Click the icon to view the collections.) November sales totaled $330,000, and December sales were $310,000. 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 Total sales More Info January February 60% in the month of the sale 30% in the month after the sale 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. 8% two months after the sales 2% never collected Print Done Total cash receipts from customers
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