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s s iiventory, purchases, and cost of goods sold budget for January and February S22-15...

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Accounting

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s s iiventory, purchases, and cost of goods sold budget for January and February S22-15 Preparing a financial budget-schedule of cash receipts Learning objec Victors expects total sales of S702,000 for January and $349,000 for February. Assume that Victors's sales are collected as follows 50% in the month of the sale 30% in the month after the sale 16% two months after the sale 4% never collected November sales totaled $388,000, and December sales were $407,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar

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