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Rockers expects total sales of $ 701,000 for January and $351,000 for February Assume that...

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Accounting

Rockers expects total sales of $ 701,000 for January and

$351,000 for February Assume that Rockers's sales are collected as follows:

60% in the month of the sale

30% in the month after the sale

7% two months after the sale

3% never collected

November sales totaled $397,000, and December sales were $400,000.

Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar.

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