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Hackett Produce Supply is preparing its cash budget for April. The following information is available:...

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Accounting

Hackett Produce Supply is preparing its cash budget for April. The following information is available:
Estimated credit sales for April
Actual credit sales for March
Estimated collections in April for credit sales prior to March
Estimated write-offs in April for uncollectible credit sales
Estimated provision for bad debts in April for credit sales in April
Estimated collections in April for credit sales in April
Estimated collections in April for credit sales in March
$338,000
$169,500
$15,000
$14,920
$13,930
25%
70%
Required:
What is the estimated amount of cash receipts from accounts receivable collections in April?
Estimated cash receipts
image

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