The Newtown Liquorice Company has projected the following monthly sales amounts for the coming half year....

 

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The Newtown Liquorice Company has projected the following monthly sales amounts for the coming half year. Sales Beginning Receivables Jan 25,000 Sales Cash Collections Ending Receivables Feb 34,000 The opening accounts receivable balance at the start of the year is $31,000. Newtown has a 30 day collection period. Calculate cash collections in each of the months by completing the following table: Jan Mar Apr 28,000 42,000 Feb Mar May Jun 30,000 25,000 Apr May Jun The Newtown Liquorice Company has projected the following monthly sales amounts for the coming half year. Sales Beginning Receivables Jan 25,000 Sales Cash Collections Ending Receivables Feb 34,000 The opening accounts receivable balance at the start of the year is $31,000. Newtown has a 30 day collection period. Calculate cash collections in each of the months by completing the following table: Jan Mar Apr 28,000 42,000 Feb Mar May Jun 30,000 25,000 Apr May Jun

Answer rating: 100% (QA)

Here are the calculations to complete the table Jan Beginning Receivables 31000 Sales 25000 Cash Col... View the full answer