create a Schedule of Cash Receipts cash collections with the following information:
A listing of the estimated balances in the companys ledger accounts as of December is given below:
Assets
Cash $
Accounts receivable
Inventoryraw materials Notsoi
Inventoryfinished goods
Prepaid Insurance
Capital assets net
Goodwill
Total assets $
Sales are on a cash and credit basis, with collected during the month of the sale, the following month, and the month thereafter. of of sales are considered uncollectible bad debt expense
Sales in November and December are expected to be $ and $ respectively. Based on the above collection pattern this will result in Accounts Receivable of $ at December which will be collected in January and February,
