Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Yolas Marcel Company projects the following stles for the first three months of the year $10,000 in January $10,200 in February; and $10,000 in Watch

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Yolas Marcel Company projects the following stles for the first three months of the year $10,000 in January $10,200 in February; and $10,000 in Watch The company expects 70% of the sales to be cash and the mander one could se on account are collected in the month of the sole and 50% the following morin. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar Read the Requirement 1. Prepare a schedule of can receipt for Marcel der Sanwy. Fubasury and March. What in the balance in Account Procurato de March 17 move unused and suro balance account oli tark Cath Receipts from Customer January February March Total 19.000 10200 10:00 12 January March Total Cash Receipts from Customers Accutische January Canh 720 Jarn Credit Collection January 1,660 Mark Sallinn Emer any numbent in the at fields and then click Check Anuger Activate Windows All parts showing Check Anwar 3 1.500 Clos All Marcel Company projects the following sales for the first two months of the year 510.600 nary, 510200 in February, and $10.400 in March. The company spects 70% of the stone cash and me Terander on accounts on account are collected to in the month of the sale and follow met The Accounts Receive account as a balance on Janusy 1 Round to the nearest dalla Read the remem Fataan 7.140 Pay Cricton at Fiat Forum 1530 Francois collection of Futrole in March 1.530 Micha 7,200 Marth-Crection of Marcha Marin 1,500 0100200 10:37 2010 Accounts Receivable balance March Match-Creat location of Murah saindow 1.500 Requirement 2. Prepare reviewed of the recept from one on the month of the infolow us on the second mom flowing the sale What is the balance Account Revation March 317 (Love unused and urbans accounts blank dono") Enter any number in the edities and then click Check Answer Activate Windows All parts showing Clear Check Answer Marcel Company projects the folowing sales for the first month of the year $10,000 in January 10,200 in February, and $10,400 in March. The company expects 70% of the sale to be cash and the remainder on account Sales on account are collected 50% in the month of the sale and 50% in the following montThe Accounts Receivable account has a zero balance on January 1 Round to heart dollar Read the request Requirement 2. Prepare a revised schuddle of cash receps it receipts from sales on account are con in the month at the same. 30% in the month following the sale, and to in the second montis following the sale What is the bowce in Accounts Receive on March 317 (Lavenused and to balance account cells black do not enter ** Cash Receipts from Customers January February March Total Toba 10600 10200 10400 31200 January February March Total Cash Receipts from Customers Accounts Rovable to any Januwa 7420 Jan-Credit sales, collection of Jerusay sa iny January-Creases collection dates in February Entrany number in the edities and then click Check Alle Activate Windows Marcel Company projects the following sites for the first three months of the year $10,000 in January 10,200 in Fobry, and 510,400 in March. The company expects 70% of the sales to be cash and romander on count Solson account are collected in the month or sale and 50% in the following month The Accounts Receivable account has to be on January 1. Round to the rest of Read more January-Onde colecionary sales in Fabia dinary collection of January alin Mo Forway Cane Formy Credit Cochonorary Fondary February Creation of February in March Ma | | | | | Much Cheoil.no Murth ties in foren Tosh receipts from customers Accounts Receivable balance, March 31 O colection in Arlind May Enter any number in the othelds and then click Check Answer Activate Windows

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A One-Year Accounting Course Part 2

Authors: Trevor Gambling

1st Edition

0080130267, 9780080130262

More Books

Students also viewed these Accounting questions

Question

Why is it important to analyze your spending habits?

Answered: 1 week ago

Question

Summarize the types of job analysis information.

Answered: 1 week ago

Question

Explain the human resource planning process.

Answered: 1 week ago