5 QS 20-20 (Algo) Schedule of cash receipts with uncollectibles LO P2 The Guitar Shoppe reports...

Transcribed Image Text:

5 QS 20-20 (Algo) Schedule of cash receipts with uncollectibles LO P2 The Guitar Shoppe reports the following budgeted sales: August, $190,000; and September, $200,000. For its total sales, 35% are immediately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 15% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September. 10 points THE GUITAR SHOPPE Schedule of Cash Receipts from Sales eBook Sales Cash receipts from: Hint Total cash receipts References September $ 200,000 5 QS 20-20 (Algo) Schedule of cash receipts with uncollectibles LO P2 The Guitar Shoppe reports the following budgeted sales: August, $190,000; and September, $200,000. For its total sales, 35% are immediately collected in cash, 50% are credit sales and collected in the month following sale, and the remaining 15% are written off as uncollectible. Prepare a schedule of cash receipts from sales for September. 10 points THE GUITAR SHOPPE Schedule of Cash Receipts from Sales eBook Sales Cash receipts from: Hint Total cash receipts References September $ 200,000