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Yogi expects total sales of $360,000 in January and $400,000 in February. Assume that Yogi's...

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Accounting

Yogi expects total sales of $360,000 in January and $400,000 in February. Assume that Yogi's sales are collected as follows:
(i)(Click the icon to view the collections.)
November sales totaled $310,000, and December sales were $340,000. Prepare a schedule of cash receipts from customers for January and February, including the calculation 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 cus he table leave the input field empty; do not enter a zero.)
Cash Receipts from Customers
Total sales
Cash Receipts from Customers:
Nov.-Credit sales, collection of Nov. sale
Dec.-Credit sales, collection of Dec. sale:
Dec.-Credit sales, collection of Dec. sale:
Jan.-Credit sales, collection of Jan. sales
Jan.-Credit sales, collection of Jan. sales
Feb.-Credit sales, collection of Feb. sales
Total cash receipts from customers
More info
60% in the month of the sale
20% in the month after the sale
18% two months after the sales
2% never collected
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