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Royal pty ltd sells all kits products on account . Royabal has the following account...

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Accounting

Royal pty ltd sells all kits products on account . Royabal has the following account reaciveble payements experience

Per cent paid in the month of sale20

Per cent paid in the month after the sale 25

Per cent paid in the second month after the sale23

per cent sales for the next few months are as follows:

To encourage payment in the month of sale, Roybal gives a 2% cash discount. Roybal's anticipated sales for the next few are as follows

april 190,000

may 248,000

june 260,000

july 240,000

august 300,000

prepare schedule of cash receipts for july

prepare schedule of cash receipts for August

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