Yogi expects total sales of $$360,000$ in January and $$394,000$ in February. Assume that Yogi's sales are collect as follows

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November sales totaled $$270,000,$ and December sales were $$325,000.$ 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

$\backslash$table$[[$Total sales,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.,$]]$

More info

$70\%$ in the month of the sale

$20\%$ in the month after the sale

$8\%$ two months after the sales

$2\%$ never collected