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Yogi expects total sales of $360,000 in January and $416,000 in February. Assume that Yogi's sales are collected as follows: (Click the icon to view
Yogi expects total sales of $360,000 in January and $416,000 in February. Assume that Yogi's sales are collected as follows: (Click the icon to view the collections.) November sales totaled $320,000, and December sales were $290,000. 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 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
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