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Yoder expects total sales of $345,000 in January and $400,000 in February. Assume that Yoder's sales are collected as follows: 1 (Click the icon to
Yoder expects total sales of $345,000 in January and $400,000 in February. Assume that Yoder's sales are collected as follows: 1 (Click the icon to view the collections.) November sales totaled $320,000, and December sales were $310,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty; do not enter a zero.) Cash Receipts from Customers January February 45000400000 February More Info Total sales January 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 40% in the month of the sale 30% in the month after the sale 26% two months after the sale 4% never collected an.-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 Print Done
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