50.1K

Verified Solution

Link Copied!

Yogi expects total sales of $359,000 in January and 5415,000 in Februay Assume that Yogi's sales are collected as follows (Click the icon to view the collections.) November sales totaled $310,000, and December sales were $270,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Net Accounts Receivable balance on February 28. Round answers to the nearest dollar (If an input field is not used in the table leave the input field empty do not enter a zero) Prepare a schedule of cash receipts from customers for January and February (1f an input field is not used in the table leave the input field empty, do nat unter a zero) Cash Receipts from Customers January February Total sales January February Cash Receipts from Customers: Nov.-Credit sales, collection of Nov, sales in Jan. Dec.-Credit sales, collection of Dec. sales in Jan, Yogh expects total sales of $359,000 in January and $415,000 in February Anname that Yog's sakes are collected as follows: (Cick the icon to view the collection) November sales totaled $310.000 and December sales were $270.000 Prepare a schedule of cash receipts from customers for January and February, including the calculation for the Net Accounts Receivable balance on February 20 Round answers to the nearest dotar (an input field is not used in the table leave the Input field omply do not entera 200) January Fonary Cash Recipts from Customers Now-Credit sales, collection of Nov. sales in Jan. DocCredit sales, collection of Dec. sales in Jan Dec-Credit sales, collection of Dec sales in Fab. Jan --Credil sales, collection of Jan. sales in Jon Jan --Credit sales collection of Jan, sales in Feb. Feb --Credit sales, collection of Feb, sales in Feb, Total cash receipts from customers - X aber e ba More Info custc n inp 60% in the month of the sale 30% in the month after the sale s in 8% two months after the sales s in 2% never collected s in Sin s in Print Done s in

Answer & Explanation Solved by verified expert

See Answer