Yoder expects total sales of $350,000 in Jan and $405,000 in Feb. Assume Yoders sales are collected as follows:

Nov. sales totaled $340,000 and Dec sales were $320,000. Prepare a schedule of cash receipts from customers for January and February including the calculation for the Net Accounts Receivable balance on Feb 28. Round answer to nearest dollar.

1) Prepare a schdule of cash recepits from customers for January and February.

2) Detwrmine the Net Accounts Receivable balance on Feb 28

Yoder expects total sales of $350,000 in January and $405,000 in February. Assume that Yoder's sales are collected as follows: (Click the icon to view the collections.) November sales totaled $340,000, and December sales were $320,000. 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 feld empty; do not enter a zero.) Cash Receipts from Customers Total sales Cash Receipts from Customers: Nov-Credit sales, collection of Nov. sales in Jan Dec-Credit sales, collection of Dec. sales in Jan Den-Credit sales, collection of Den. 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. January February January February Total cash receipts from customers Determine the Net Accounts Receivable balance on February 28. Included in Accounts Receivable at February 28 More info 60% in the month of the sale 20% in the month after the sale 18% two months after the sales 2% never collected Print Done - X