Question: X Tel budgets sales of 60 000 for April 100 000 for May

X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $15,000. Prepare a schedule of budgeted cash receipts for April, May, and June.

Sale on SolutionInn
  • CreatedApril 23, 2015
  • Files Included
Post your question